One stock has been under pressure but a money manager expects it to benefit as the pace of health-care innovation stokes demand for laboratory space.
As the market reassesses the value of office properties, investors have been steering clear of many commercial real estate stocks. But there are some healthier spots that could be worth a second look. Greg Kuhl, a portfolio manager at Janus Henderson, said he likes the outlook for Alexandria Real Estate Equities , a pure-play owner of life sciences centers.
But lab space is a little different, he continued, saying it's "much more fungible" and the specialized needs tend to be handled by the tenants. While Alexandria has been an active developer, many of its projects already have tenants in place, according to Kuhl.
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