200 distinct real estate companies across 19 different property types. 16.9% annualized returns from 2010-2015. 13.8% annualized returns from 2003-2008. A variety of companies that returned over 30% per year from 2011-2016. A concrete jungle of commercial real estate opportunities shrouded in a fog of industry jargon and data obscuring the path to success for…
Serenity Alts Blog
Q2 REIT Earnings Update: Retail, Warehouse, and Lodging
The US economy in April and May felt a bit like that scene in Jurassic Park when the T-rex is smashing a Land Rover to smithereens and everyone is just trying to stay alive. The stock market was imploding, most major cities had issued shelter in place orders, and there was a general feeling that…
REIT Opportunity: Preparing For The Next Bull Market
In the following piece, we blend REIT history with financial theory to tackle this difficult topic. The period spanning 2010 to 2016 was a recent period of extended outperformance for REITs relative to other asset classes, with the sector outperforming stocks and bonds for 5 out of 6 years. What propelled the sector higher during…
Q2 REIT Recap: Sherlock Holmes and Chinese Data Centers
It is becoming more and more of an obvious fact that the stock market cannot go down. Refrains of “don’t fight the fed”, “V-shaped recovery”, and “better than expected data” dominated the tape in Q2, leaving skeptics and bears lonely on the sidelines. The Nasdaq 100 index is making all-time highs and the S&P 500…
REIT Wars: The Fed vs Unemployment
The stock market has celebrated as the coronavirus in the United States has come under relative control, and states and cities have begun the re-opening process. Pent-up demand has given companies a bullish narrative to feed investors, with many companies referencing “traffic” or “demand” that was actually UP year over year in May. Does this…