roller coaster

Real Estate Update

20% of our portfolio goes into real estate. I find the asset class attractive for its low correlation with my stocks and bonds and its high returns. In exchange, there are some unique risks and significantly increased hassle. In this post, I update you on how things are going.

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Realty Shares

Preferred Equity in Real Estate

Mezzanine level debt and preferred equity are two ways for the sponsor of a real estate deal to lower the need for his own equity. Naturally, those investments must offer a higher return and higher risk than the first lien debt holder.

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