PERFORMANCE – Serenity Alternatives Fund I returned +3.5% in July bringing YTD returns to 4.3%. The FTSE NAREIT All Equity REITs index returned +3.82% bringing YTD returns to -9.9%.
EARNINGS – REITs began reporting Q2 2020 earnings in July, adding much-needed insight into the magnitude of Covid-19’s impact.POSITIONING – Gross and net positioning in the portfolio have increased as stable fundamentals have been confirmed in Warehouse and Data Center portfolios.“Life breaks free. Lif