Mon, Oct 5, 2015
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

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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Investing - U.S. biotech bloodbath hits hedge funds but some bargains emerge, Computer-driven hedge funds betting on further stock selloff[more]

    U.S. biotech bloodbath hits hedge funds but some bargains emerge From A seven-day selloff of U.S. biotechnology stocks has hit sector investors - especially hedge funds - hard. But some managers say it was overdone and are already eyeing bargains such as Gilead Sciences Inc

  5. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid