Serenity Alternative Investments Blog - Q2 REIT Recap: Sherlock Holmes And Chinese Data Centers
PERFORMANCE – Serenity Alternatives Fund I returned +0.85% in June bringing YTD returns to 0.72%. The FTSE NAREIT All Equity REITs index returned +2.3% bringing YTD returns to -13.3%.Q2 RECAP – REITs recouped some of their Q1 losses gaining +13.3%, while the S&P 500 bounced +20.6%FUNDAMENTALS – REIT NAV estimates continue to fall as we approach an extremely uncertain earnings season.POSI