Burl discusses this uniquely focused Real Estate Securities marketplace strategy. A Long/Short strategy focused on companies that are able to have a monopolistic pricing model, enabling them to raise prices more often than usual. An example is the cell phone tower business, with less price competition, limited suppliers, and barrier to exit, and secular demand drivers, and seek to hedge with the short positions. They like to invest in real estate that invests in the internet of things. Looking to benefit from "Pricing Power." This is indeed a most interesting interview that you won't want to miss.
November 10, 2017