WIND, RAIN, STORMS, AND THE ROCK: FEBRUARY 2023 NEWSLETTER
“The rain came down, the floods came, and the winds blew, and beat on that house; and it did not fall, for it was founded on the rock.” –...
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Blogs
IN SEARCH OF THE HOLY GRAIL: JANUARY 2023 NEWSLETTER
"Tis but a scratch!" - Monty Python and the Holy Grail PERFORMANCE: Animal spirits have returned! Re-capping a “risk-on” January. HAVE...
POISED TO STRIKE: Serenity's 2023 Outlook
“When you see a rattlesnake poised to strike, you do not wait until he has struck to crush him” – Franklin D. Roosevelt PERFORMANCE:...
ARTIFICIAL REIT-TELLIGENCE: November 2022 Newsletter
“Computers are incredibly fast, accurate, and stupid. Human beings are incredibly slow, inaccurate, and brilliant. Together they are...
THE WORLD IS CHANGED: THE GREAT CAP RATE RESET
“The world is changed. I feel it in the water. I feel it in the earth. I smell it in the air.” – Lord of the Rings: The Fellowship of the...
BEAR TO BULL MARKET TURNAROUND? SEPTEMBER 2022 NEWSLETTER
“Merciless is the law of nature, and rapidly and irresistibly we are drawn to our doom.” – Nikola Tesla REITS -30% - TIME TO BUY? – What...
THE BEAR AWAKENS - AUGUST 2022 NEWSLETTER
“I immediately regret this decision… these bears are massive…they looked a lot smaller from up there.” – Ron Burgundy: Anchorman THE BEAR...
DECIDE ON CHANGE INSTEAD OF DISASTER: MAY 2022 NEWSLETTER
“Some people don’t like change, but you need to embrace change if the alternative is disaster.” – Elon Musk • PERFORMANCE – Serenity...
TO BUY REITS OR NOT TO BUY REITS: JUNE 2022 NEWSLETTER
“To be or not to be…that is the question” – Hamlet, Act 3, Scene 1 TO BUY REITS? – REITs are undeniably cheap relative to private market...
SURVIVE THEN THRIVE: NAVIGATING A POST-FED REIT MARKET
“Survival can be summed up in three words – never give up.” – Bear Grylls PERFORMANCE – Serenity Alternative Investments Fund I returned...
PATIENCE AND FRAGILITY: MARCH 2022 NEWSLETTER
“You cannot say with any reliability that a certain remote event or shock is more likely than another … but you can state with a lot more...
TIME TO DARE AND ENDURE: FEBRUARY 2022 NEWSLETTER
“This is no time for ease and comfort. It is time to dare and endure.” – Winston Churchill PERFORMANCE – Serenity Alternative Investments...
CREATIVITY AND FLEXIBILITY ARE REQUIREMENTS IN A HAWKISH MARKET - JANUARY 2022 NEWSLETTER
“That which is not good for the bee-hive cannot be good for the bees.” – Marcus Aurelius • PERFORMANCE – Serenity Alternative Investments...
A CINDERELLA STORY: DECEMBER 2021 NEWSLETTER
“HE GOT ALL OF THAT ONE!” – Bill Murray as Carl Spackler in Caddyshack • PERFORMANCE – Serenity Alternative Investments Fund I returned...
DID YOU PANIC? YOU SHOULD THINK AGAIN - NOVEMBER NEWSLETTER
“And now for something completely different” – Monty Python PERFORMANCE – Serenity Alternative Investments Fund I returned -0.76% in...
WHY REITS HAVE NOT REACHED THEIR PEAK - OCTOBER NEWSLETTER
“The mountain decides whether you climb or not. The art of mountaineering is knowing when to go, when to stay, and when to retreat.” – Ed...
A BRAVE NEW REIT WORLD - SEPTEMBER 2021 NEWSLETTER
• PERFORMANCE – Serenity Alternative Investments Fund I returned -3.40% in September net of fees and expenses. Year to date the fund has...
FREE YOUR MIND - SERENITY JULY/AUGUST NEWSLETTER
“You have to let it all go, Neo. Fear, doubt, and disbelief, Free your mind.” Morpheus – The Matrix • PERFORMANCE – Serenity Alternative...
REIT-HOUSE BLUES: JUNE 2021 NEWSLETTER
“Let it roll, baby, roll Let it roll, baby, roll.” – Roadhouse Blues – The Doors • PERFORMANCE – Serenity Alternatives Fund I returned...
ROCKY-LIKE REIT UNDERDOGS FOR THE CURRENT CYCLE: MAY 2021 NEWSLETTER
• PERFORMANCE – Serenity Alternatives Fund I returned +0.99% in May net of fees and expenses versus the FTSE NAREIT REIT index at +0.82%....
ROCK N ROLL AND THE RETAIL APOCALYPSE: APRIL 2021 NEWSLETTER
“I’ll tip my hat to the new constitution, take a bow for the new revolution.” – Won’t get fooled again, The Who PERFORMANCE – Serenity...
BIKES, PHYSICS, TAXES: MARCH 2021 NEWSLETTER
PERFORMANCE: – Serenity Alternatives Fund I returned +5.8% in March net of fees and expenses versus the FTSE NAREIT REIT index at +5.5%....
THE DARK KNIGHT AND RISING RATES: FEBRUARY 2021 NEWSLETTER
“Always mind your surroundings.” – Henri Ducard, Batman Begins • PERFORMANCE – Serenity Alternatives Fund I returned +7.6% in February...
GAMESTOP, CORONAVIRUS, AND A REIT TURNAROUND: JANUARY 2021 NEWSLETTER
PERFORMANCE – Serenity Alternatives Fund I returned -0.40% in January net of fees and expenses. SHORT SQUEEZE – Frenzied rallies in...
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