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The Phoenix Play: How These Hot-Shot Investors Discover Unloved Real Estate: (RQI)
FYI: At the glamorously landscaped mall on Sand Hill Road in Silicon Valley, shoppers stroll through the Hermès and Peloton outlets, jockey for a seat in the showroom Teslas and wait in a long line stretching out from the bakery. But is this hangout for the rich doomed? The very venture capitalists and Python programmers who pour dollars into it on weekends spend their working hours on schemes to extend e-commerce and make malls obsolete.
Ask the two guys who pick common stocks for the Cohen & Steers Quality Income Realty Fund, Thomas Bohjalian and Jason Yablon. They trade real estate investment trusts, which are pools of properties like stores and office buildings.
