Equity Residential (EQR): Recap transaction could give shareholders ALL their money back while still owning ALL the apartments
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The 9/14 $2.4 billion California apartment [https://www.privateeyecapital.com/the-private-market-for-california-apartments-is-alive-well/] transaction lends credibility to the notion of being able to recapitalize Equity Residential (full writeup here [https://www.privateeyecapital.com/equity-residential-the-megacity-will-thrive-and-the-private-market-screams-buy/] ), pay shareholders back 94-103% of their money invested (pretty much right away) and then still owning
The private market for California apartments is Alive & Well
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Quick N Dirty: On 9/14/20, Aimco announced a series of transactions including the formation of a $2.4 bn JV with a passive institutional partner whereby LA/SF apartment properties were sold at a 4.2% cap rate/$592k per unit valuation. This valuation is consistent with what
Essex (ESS): Following up
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I received a few questions, via private message, regarding the our piece [https://www.privateeyecapital.com/why-would-any-long-term-investor/] on the Essex Property Trust (ESS) and I wanted to follow up (without attribution to the person/organization asking the question of course - we understand the value of anonymity). The main concerns
Why would any long term investor not own Essex Property Trust (ESS)?
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Note: A very very rough draft was sent to our FREE Actionable Investment Idea Newsletter [https://www.privateeyecapital.com/signup/] subscribers on Friday. If you like being in the know and want FREE weekend reading, be sure to sign up NOW (note that you must confirm your email address within
Why Trump's 'Eviction Moratorium' is a Nothing Burger for the megacity apartment REITs
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BIG Headline -->Minimal Impact
Avalon Bay(AVB): Multiple Ways to Win
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This article was sent out to our FREE Actionable Investment Idea Newsletter subscribers Friday morning (8/28). To get FREE Actionable Investment Ideas delivered to your Inbox before they appear on this site, be sure to $ubscribe NOW! [https://www.privateeyecapital.com/signup/] It's FREE!! (brought to you
California is not dead. Not even close!
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California has some challenges - the government is big. Taxes are high. Covid related shutdowns have stopped film/tv production in LA. Nobody is traveling which has crippled LA's hotels, restaurants, theaters, retail, etc. Things are challenging right now in California. But...there are a few things that
TJX: Long Term Winner strengthened by COVID & selling at a discount
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Note: A draft was sent to our FREE Actionable Investment Idea Newsletter [https://www.privateeyecapital.com/signup/] subscribers on Friday. If you like being in the know and want FREE weekend reading, be sure to sign up NOW (note that you must confirm your email address within 8 minutes of
