Part 5/10:
To develop the ideal wealth-building approach, we can simplify the strategy into three distinct pillars: income, growth, and stability. Each pillar represents a different REIT, filling specific roles that, together, form a balanced and robust investment portfolio.
1. The Income Pillar: Gaming and Leisure Properties Inc. (GLPI)
The first pillar, GLPI, is a REIT specializing in the gaming sector. GLPI acquires and leases casino properties under long-term contracts, ensuring a steady income stream from established operators. The properties are leased under triple net agreements, meaning tenants handle all expenses associated with operation.