When a neighborhood teenager showed up on Charlie Munger’s doorstep with a Hebrew Bible, he little thought the encounter would lead to an unlikely friendship—and an investment in California apartment…
Tag: Real Estate
In Comparison, Public Real Estate Investments Outperform Private
A study published in the Journal of Portfolio Management purports that real estate investment trusts (REITs) outperform U.S. closed-end private equity real estate (PERE) funds by 165 basis points annually,…
Suburban Subdivision of Wall Street Packed with Renters
Amid pandemic-induced demand for larger living spaces, Institutional investors are channeling money into single-family rentals and “inventing a new kind of suburban living that’s easier to afford, but where the…