Real Estate Income and Growth

Real Estate Income & Growth

The Real Estate Income & Growth strategy is a fully invested portfolio of publicly traded companies engaged in the real estate industry. The portfolio’s primary objective is current income with a focus on capital appreciation.

Most investments are in Real Estate Investment Trusts (REITs), which are companies representing ownership in actively managed income-producing commercial real estate properties.

Portfolio Managers

Edward “JR” Humphreys II, CFA, CAIA
Tom Kaiser, CFA, CPA

Inception Date

05/01/2017
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Real Estate Income & Growth SMA Strategy Highlights

Seeks current income and capital appreciation through publicly traded U.S. based equity Real Estate Investment Trusts (REITs) from most of the 13 REIT industries.

REITs distribute 90% of their income annually as dividends historically making them a higher source of income versus other equities.

REITs can add diversification to a portfolio of stocks, bonds, and cash.

Diversification and liquidity are provided through owning REITs versus directly investing in real estate.

Active management of this SMA is focused on mitigating downside risk of individual companies.

Real Estate Income & Growth Portfolio Construction

1st | Macro Outlook

Review sector weightings for the 13 REIT industries or real estate service companies along with macro-economic research.

2nd | Screen

Utilize in-house and third-party research to review fundamentals such as valuation measures, growth rates, and sentiment.

3rd | Decision

Select 20-25 positions based on macro-economic outlook and fundamentals. Positions in this SMA are reviewed regularly.