Commercial real estate has historically (and accurately) been described as ‘cyclical’, meaning there is a ‘reset’ at the end of every growth period. The reset has often come in the form of a ‘crash’, where the bottom falls out of pricing, and gains from the prior years are wiped out. As devastating as a crash […]
September 1, 2020
In July, the MSCI US REIT Index (RMZ) produced a total return of +4.1%. The Chilton REIT Composite outperformed the benchmark for the month by producing a total return of +4.7% net of fees and +4.9% gross of fees. Year to date, the RMZ has produced a total return of -15.1%, which compares to the Chilton REIT Composite […]
August 1, 2020
One cannot go very far in today’s information age without seeing someone on a mobile device. As applications are built for so many facets of our daily lives, the need for a higher level of and faster data only grows. Even back in the mid 2000s just before the dawn of the smartphone, the Blackberry, […]
August 1, 2020
We are continuing on our ‘Essential’ theme from the June 2020 Chilton REIT Outlook. For those who have not read it, we have developed a decision tree for determining how ‘essential’ a business is, and thus where an investor should be spending his or her time. As shown in Figure 1, it focuses on the […]
July 1, 2020
After finishing the first quarter at depressed levels, growing evidence of an economic recovery as well as highly supportive government monetary and fiscal stimulus helped drive the S&P 500 20% higher in Q2, its biggest move in over twenty years. Remarkably at one point, the index even revisited unchanged territory for the year. However, the […]
July 1, 2020
The information contained herein should be considered to be current only as of the date indicated, and we do not undertake any obligation to update the information contained herein in light of later circumstances or events. This publication may contain forward looking statements and projections that are based on the current beliefs and assumptions of […]
July 1, 2020
The word ‘essential’ has become very popular recently in its use by governing heads nationwide to delineate which businesses can remain open during the pandemic. A common definition uses the words, “…of upmost importance, something necessary or indispensable.” We have been using the term long before 2020 in describing our portfolio, but today it has […]
June 1, 2020
The information contained herein should be considered to be current only as of the date indicated, and we do not undertake any obligation to update the information contained herein in light of later circumstances or events. This publication may contain forward looking statements and projections that are based on the current beliefs and assumptions of […]
June 1, 2020
While we have never been through an experience such as this, we do know that the first thing to NOT do is panic. Since the outbreak of COVID-19 and its devastating impact on the US economy, our research has focused on first making a determination of the best ideas in sectors that can withstand a […]
May 1, 2020
The information contained herein should be considered to be current only as of the date indicated, and we do not undertake any obligation to update the information contained herein in light of later circumstances or events. This publication may contain forward looking statements and projections that are based on the current beliefs and assumptions of […]
