We invest using a disciplined strategy that identifies value gaps between publicly traded real estate, and the private-market value of the assets that underpin the securities. Such pricing disconnects can stem from macroeconomic factors, fund flows, poor capital allocation, or costly management contracts—and can offer compelling value for investors.
Investments in the public markets include privatization opportunities and long/short real estate exposure. These aim to deliver:
Publicly traded real estate assets trade daily and provide for a higher level of liquidity than private investments.
Our strategies focus on market dislocations and provide for hedging, which allows investors to participate in the public real estate markets while also reducing volatility with a focus on capital preservation.
Real Estate Equities usually provide for monthly or quarterly dividends which allow for a consistent level of income through market cycles.
Overall risk is reduced through an allocation to listed real estate given its low correlation with traditional asset classes.