5 out of the 10 companies already have international exposure.
1) Simon Property Group Inc.
2) Public StorageOur industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales.
3) Equity Residential [US-only]Today it operates over 2,200 unique and diverse company-owned locations in the United States and Europe, totaling more than 142 million net rentable square feet of real estate.
4) Prologis Inc.
5) AvalonBay Communities Inc. [US-only]Prologis is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia.
6) HCP Inc. [US-only]
7) Ventas Inc.
8) Health Care REIT Inc.Ventas, Inc. (NYSE: VTR), an S&P 500 company, is a leading real estate investment trust (REIT), with a highly diversified portfolio of nearly 1,500 seniors housing and healthcare properties in the United States, Canada and the United Kingdom.
9) Boston Properties Inc. [US only]The company has formed enduring relationships with leading health care systems and seniors housing operators in the U.S and abroad.
10) Vornado Realty Trust [US only]
Based on the above, can we not make the same argument that we sometimes hear about the total international stock index? i.e. that holding a separate index (namely VNQI) is unnecessary because the companies already have exposure outside the US.