thowed Posted June 18, 2021 Share Posted June 18, 2021 To start with, I'm incredibly grateful to this board, especially Gregmal & Pupil, for providing amazing info about small-cap RE opportunities. I want to learn more, and wondered if there were any good funds etc to learn from (or even decent concentrated portfolios to get ideas from). e.g. I'm quite fascinated by things like STORE i.e. the great CEO letters and the BRK stake. The only one I can think of so far is Rhizome, which is a small indy operation that has some CoBF friendly cos. Otherwise I'm stuck. In the UK, we have TRY - a LSE-listed closed-end fund, which has outstanding, long manager commentaries in the Annual Reports. I recommend this if you want to learn about Euro & UK RE. It's a big fund now, so has to restrict it's small-cap exposure - but does discuss them - he calls this section the... REIT Petites. Thanks in advance. I don't know why the UK doesn't have any decent US RE funds of its own - a real gap in the market. Link to comment Share on other sites More sharing options...
hasilp89 Posted June 19, 2021 Share Posted June 19, 2021 Not sure if this is what you’re looking for but third Avenue have domestic and international RE funds. I used to skim them for ideas but haven’t done so in a while. https://thirdave.com/wp-content/uploads/shareholder-letters/TAREX-Shareholder-Letter.pdf https://thirdave.com/shareholder-letters/ Link to comment Share on other sites More sharing options...
Gregmal Posted June 19, 2021 Share Posted June 19, 2021 +1 on Third Ave. Also, while an attention seeking baby sometimes...Jon Litt/Land & Buildings is usually pretty on point. Link to comment Share on other sites More sharing options...
thowed Posted June 21, 2021 Author Share Posted June 21, 2021 Many thanks for these, chaps. Link to comment Share on other sites More sharing options...
Spekulatius Posted June 21, 2021 Share Posted June 21, 2021 On 6/19/2021 at 5:53 AM, hasilp89 said: Not sure if this is what you’re looking for but third Avenue have domestic and international RE funds. I used to skim them for ideas but haven’t done so in a while. https://thirdave.com/wp-content/uploads/shareholder-letters/TAREX-Shareholder-Letter.pdf https://thirdave.com/shareholder-letters/ Tarex has been a terrible performer. 2* rated on Morningstar. I always liked their commentary but they really went into some areas that had strong headwinds (Japan, Hongkong). Link to comment Share on other sites More sharing options...
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