Serenity Alternative Investments Blog - Evaluating REITS In 2020: Patience, Perspective, Opportunity
“Patience you must have” – Yoda
PERFORMANCE – Serenity Alternatives Fund I returned +3.7% in April bringing YTD returns to -0.2%. The MSCI US REIT index returned +8.25% bringing YTD returns to -21.0%.PROCESS – REIT fundamentals continue to deteriorate. Risk management and patience remain points of emphasis.OPPORTUNITY – Bargains exist in the REIT market but are not widespread. Havi