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Other things I've done (pt. 2) - Towers

Other things I've done (pt. 2) - Towers
Members Public

Welcome to the wonderful work of economically resilient communications infrastructure assets.  During the Jan/Feb selloff I was able to purchase shares of American Tower (AMT), a global operator of cellphone towers, at a reasonably attractive price.  Cell towers house critical piece of the communications landscape and cell tower REITs

Eric J Bokota
Things I don't much like that I've nibbled on

Things I don't much like that I've nibbled on
Members Public

While 1Q22 allowed me many opportunities to buy high quality businesses at attractive prices, over the past week I've done a little bit of dumpster diving. In no particular order: KB Homes (KBH) & M/I Homes (MHO)- While I've owned many building products companies over the years, I

Eric J Bokota
Some other things I've done this Quarter (part 1)

Some other things I've done this Quarter (part 1)
Members Public

In no particular order: Significantly reduced exposure to Kilroy Realty (KRC) which I've written about repeatedly. The company continues to successfully execute life sciences development and is building NAV per share.  I continue to think this is the best of the office REIT bunch but shares appreciated closer to NAV

Eric J Bokota
$KRC
Offprice retail is on sale -TJX ROST BURL

Offprice retail is on sale -TJX ROST BURL
Members Public

First of all I apologize for the title. Seriously. I've made an investment into the three off-price retail leaders TJX, ROST, and BURL.  While many (most?) apparel retailers have been disastrous long term investments, off price retailers TJX and ROST have been structural winners/disruptors (moreso than online retailers like

Eric J Bokota
$TJX
Buying the STORe

Buying the STORe
Members Public

I've taken a position in Store Capital (STOR). I'd previously Tweeted about this position but figured I write a bit more about why I think this triple net lease REIT is an attractive opportunity for long term investors.  STOR shares have been hit as: -Co-founder/Chairman CEO Chris Volk departed

Eric J Bokota
Tax Loss Selling/ The Most Wonderful time of the year

Tax Loss Selling/ The Most Wonderful time of the year
Members Public

This is a work in progress which I'll be adding to over the next few days......Tell me if you've seen this: that stock which looked like a good deal sometime in November has continued to fall. And fall. And fall. Doesn't seem like anything has changed fundamentally. But the

Eric J Bokota
Contemplating BlueRock Residential REIT

Contemplating BlueRock Residential REIT
Members Public

Warning this is a half assed draft (moreso than all the other half assed drafts on my site). Quick and dirty -Sunbelt apartments are an incredibly hot asset. Rents are soaring and cap rates are compressing. -BlueRock (BRG), an owner of sunbelt apartments, trades at a significant discount to NAV.

Eric J Bokota

Columbia Property Trust (CXP) go-private deal suggests significant upside for Kilroy
Members Public

To follow me on Twitter (more timely updates), click here. By my calculations, CXP is getting done at about a 6.3% cap rate.  Some of the headline #s I saw don't appear to have ascribed value to the company's development portfolio.  Here are the #s I'm using: Note: All

Eric J Bokota
$KRC