What a week. From 3/13/20 – 3/20/20 the MSCI US REIT index returned -25.5%, good for the worst week in the history of the modern REIT era (which began in 1990). No property type was spared, with data centers performing the best at -14.4%, while regional malls dropped -40%. This move came on the heels…
Serenity Alts Blog
Distress Signals: Finding Opportunity In REIT Volatility
The volatility monster has awoken from its slumber to once again terrorize investors of all stripes. Coronavirus concerns have created havoc in the stock market and put an abrupt end to the 11-year expansion in the US economy. As market psychology has flipped from extreme greed to extreme fear in a matter of weeks, REITs…
The Coronavirus, Commercial Real Estate And REITs
The publicly traded REIT market offers a broad opportunity set for real estate investors to take advantage of. Even in times of crisis, there are REITs that can protect investor's capital, and opportunities to hedge by selling REITs short. For an expert view on current opportunities during a period of heightened volatility, contact Martin Kollmorgen…
Vornado's theMART - Still Relevant at 90
Iconic assets and visionary management teams are staples of the publicly traded REIT market. It’s not uncommon for REIT assets to create or transform entire neighborhood ecosystems. Finding access to these types of assets outside of the publicly traded REITs is almost impossible for non-institutional investors. Vornado (VNO) has done an incredible job re-vitalizing the…
2019 REIT Recap
What a difference a year makes. At this point in early 2019, the equity market was still reeling from a 20% drop, the fed was pivoting from hawkish to neutral/dovish due to awful economic data, and the REIT market was being driven to multi-year lows. It was not an enjoyable time. Fast forward 365 days…