FYI: For Burl East of Allegris AACA, the best real estate sectors are the ones where tenants can’t move: data centers, lab space, even casinos
More importantly, “I’ve been through three full real estate cycles, working as a buy-side analyst, a sell-side analyst, an investment banker, and sitting on seven boards,” says the manager of the $293 million Altegris/AACA Opportunistic Real Estate fund (ticker: RAAAX). “I’ve seen this industry from every angle.”
That perspective—and an unconventional approach to the space—has helped deliver his fund, launched in 2014, to the top 1% of its real estate category over the past three years, during which time it returned an average of 10.9% a year.
Regards,
Ted
http://www.cetusnews.com/business/On-the-Lookout-for-Powerful-Properties.SJ_j7HgqjEmG.htmlAltergis Funds Website:
https://www.altegris.com/en/Funds/Mutual-Funds/RAAAX Landing Page.aspxM* Snapshot RAAAX:
http://www.morningstar.com/funds/xnas/raaax/quote.htmlLIpper Snapshot RAAAX:
https://www.marketwatch.com/investing/fund/raaaxRAAAX Is Unranked In The (RE) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/real-estate/altegris-aaca-opportunistic-real-estt-fd/raaax
Comments
Good to see this pup getting a little love.
God bless
the Pudd