2 FTSE 250 dividend stocks I’d like to buy and hold for 10 years!

I’m looking for it FTSE 250 for the best stocks to buy for long-term passive income. Here are two high yielding dividend stocks that I would buy when I have money to invest.

Urban Logistics REIT

Commercial property providers could suffer in the short to medium term as the UK economy falters. They may struggle to collect rent, and vacancies may rise as businesses experience strain.

But I would still buy the stock Urban Logistics REIT (LSE:SHED) to boost dividend income. I believe the outlook for the warehouse and logistics hub market remains very attractive. That’s why I already own shares in industrial rivals Tritax Big Box.

Properties like these are an important cog in the e-commerce machine, a market that will grow strongly over the next decade. It is in high demand from product manufacturers, retailers and couriers.

Analysts at Ascential believe that the e-commerce market in the UK will be worth £220bn in 2026, a sharp increase from £142bn in 2021. By then, virtual stores will account for 41% of all retail sales by chain.

Urban Logistics is rapidly developing this opportunity as well. In January it paid £48m to acquire five properties whose tenants included the corporate giant Amazon and Volvo.

Its status as a real estate investment trust (or REIT) makes the FTSE 250 company also a solid buy for income investors. This is because this requires 90% of annual profits to be paid out in the form of dividends.

This means that Urban Logistics produced a large yield of 5.4% and 5.9% for the financial years to March 2023 and 2024. Both readings beat the 2.9% forward average of the FTSE 250.

Target Healthcare REIT

The social care sector is another industry that will see steady growth as the domestic population ages rapidly. Research suggests there will be 13 million people aged 65 and over in the UK by 2032. That’s a 2m increase on current levels.

I bought shares in a home care operator Target Healthcare REIT (LSE:THRL) in the autumn to capitalize on this demographic opportunity. And after recent share price weakness, I am considering increasing my holdings.

Today, Target Healthcare is trading at a forward price-to-earnings growth (PEG) ratio of 0.4. Any reading below 1 indicates that the equity is undervalued by the market.

Furthermore, at current prices the REIT carries a jumbo 8.3% dividend yield for the next two financial years (until June 2023 and 2024).

I also think buying this property business could be a good idea in the current climate. This is due to the fact that the rental flow is stable even during economic downturns. Rental collection here is 96% in October to December.

Target Healthcare currently has around 100 assets. And in early 2023 it acquired a care home development in Malvern, Worcestershire to add to its portfolio. I think it’s a top buy despite the threat that nursing staff shortages could impact future profit growth.