VICI
VICI Properties Inc. Common Stock
stock NYSE

REITs and BDCs respond similarly to economic conditions. you can see this in the correlations. for example O has correlations from 0.64–0.85 with ARE, WPC, VICI. good diversification comes from negative or low-positive correlations.

What do you think of REITs and BDCs as a compliment to each other?
I have a few BDC like MAIN, ARCC, HTGC, etc. These work well when interest rates are up and have been good the last couple of years.
A perfect compliment to these could be REITs which tend to do better in lower interest rate environment (unless you are looking at mREITs which I'm not). I have a few like ARE, O, WPC, and VICI, and on the whole they did well pre pandemic. If interest rates continue to fall, they could rise as people move from gov bonds.
Looking long term I think they compliment each other for whichever way interest rates go. Would like to know what others think.

VICI,O,gtty,ALEX I like these ones. Be careful with reits a lot of them are junk. Don’t buy the etf’s also note that reits are taxed as ordinary income because they’re not qualified