Real Estate Equities

Opendoor's Q4 2025 earnings sparked a rally in tech-enabled real estate platforms, signaling renewed investor confidence in iBuying models despite housing affordability reaching its worst level in four decades. The market bifurcation shows tech platforms gaining traction while traditional homeownership models face structural constraints, with alternative solutions like extended mortgage terms emerging as potential affordability fixes.

Community Healthcare Trust is selling properties at approximately 7.9% cap rates while pursuing $122.5M in new healthcare real estate acquisitions yielding 9.1% to 9.75%. The REIT extended its weighted average lease term to 7 years and maintained capital discipline by avoiding equity issuance in Q4 2025.