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REIT returns were lower in November, although on a year-to-date basis the sector continues to post a solid performance, market watchers said.

The total returns of the FTSE Nareit All REITs Index fell 1.4% in November, while the S&P 500 gained 3.6% during the same period. For the year to Nov. 29, the FTSE Nareit All REITs Index was 27.1% higher, while the S&P 500 was 27.6% higher over the same period.

The total returns of the FTSE Nareit mREIT Index gained 1.5% last month, while the yield on the 10-year Treasury gained 0.1%.

EPR Properties (NYSE: EPR) said Nov. 24 it has sold most of its charter school portfolio for approximately $454 million in cash and intends to rapidly redeploy the proceeds to fund investments in experiential real estate, including potential casino resort investments.

The broadening scope of ESG issues and the role that REITs play in advancing that agenda was on display throughout REITworld 2019 in Los Angeles last week, including sessions focused on the latest in ESG developments and lessons from leaders and award winners active in REIT diversity and inclusion matters.