
This iShares Residential and Multisector Real Estate ETF is designed to mirror the financial performance of a benchmark index. This index consists of equity investments in U.S.-based companies primarily engaged in the residential, healthcare, and self-storage property sectors.
Is REZ's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Three ETFs let you collect rent from hundreds of apartment buildings, warehouses, and data centers without a single maintenance call, and the current housing market may be quietly tilting the odds further in their favor.

Multifamily REITs face a challenging environment, with supply peaking in 2024 and oversupply pressuring lease rates until at least 2027. Private market distress and a looming $160B–$168 billion maturity wall in 2026–2027 may create future acquisition opportunities for REITs, especially the strongest players. Group valuations are tightly packed; balance sheets are generally safe, but risks from higher yields and private market volatility remain material.

According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 628,000 in June. This represents a 1.6% increase from May's upwardly revised rate of 618,000 but a 5.6% drop from the previous year.

These ETF gainers of June may keep climbing in July as dovish Fed hopes, strong earnings and easing geopolitical risks support markets.

iShares Residential and Multisector Real Estate ETF faces headwinds from persistent inflation and home affordability challenges, potentially limiting near- to medium-term upside. REZ's portfolio is concentrated in healthcare, self-storage, and residential REITs, with healthcare REITs comprising nearly 50%, offering some defensive characteristics. Persistent inflation, stalled housing legislation, and possible Fed rate hikes could pressure REZ and real estate broadly, especially if affordability issues worsen.