Wed, Aug 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Real estate securities add value for investors

Friday, September 14, 2012

amb
Michael Torres
Bailey McCann, Opalesque New York:

Michael Torres is a real estate security specialist. His firm, Adelante Capital is based out of California, and has $2.2b in assets under management. "Adelante Capital Management is a real estate securities investor, it is all we do. We are trying to bring real estate returns to our clients by owning property stocks. The advantage of doing that is our clients have the look into the property markets but also the liquidity of the liquid markets. We use a net asset value approach that we really look at as if we are buying buildings today for our clients and I think that is one of the most attractive parts, so great assets that trade on New York Stock Exchange today," explains Torres in a recent Opalesque TV interview.

In addition to managing money, he also developed the Wilshire Real Estate Securities Index, And has been a mortgage lender on large commercial real estate portfolios. He notes that after the collapse of the market In 2008, the industry and the banking system itself has been helped by "transparency that we have into a very large portfolio of owned assets, comparables." This allows investors today to focus more on quality.

"Real estate securities is probably one of the leading assets today at the midway mark in most investors’ portfolio that have been incorporated though. And so we are now seeing that we are within 5% of the 2007 highs," he says.

In fact, Torres sees positives in the ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  3. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  4. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  5. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it