Sat, Apr 30, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n