Publicly Traded REITs as Essential Components of a Diversified Portfolio
by Matt Werner, CFA
Real estate is an essential component of a diversified portfolio providing an uncorrelated, inflation-linked asset class that has historically lowered portfolio risk and increased return. Chilton Capital Management believes publicly traded real estate investment trusts (REITs) are the superior vehicles for a real estate allocation due to proven management teams, liquidity, transparency and attractive total returns. In addition, public REITs provide the ability to diversify by geography, sector, strategy, property and tenant. Finally, REITs are unique in that active management has a distinct advantage due to extensive valuation comparables, particularly in the private market, and high predictability of cash flows.
From this presentation, you will learn:
- How real estate investment trusts (REITs) are beneficiaries of recent tax reform
- The current ‘goldilocks’ economic environment presents a case for above-average allocations to high quality real estate
- How managed REIT strategies have produced high annualized alpha
returns over the past 15 years
Mathew Werner, CFA, has been a portfolio manager for the Chilton REIT strategy since 2011. As of February 28, 2019, the Chilton REIT strategy had assets under management (AUM) of $482 million, spread across separately managed accounts and a 1940 Act mutual fund. Prior to Chilton, Werner was an assistant portfolio manager and investments associate at Salient Partners. Werner has a B.S. (with honors) from Boston College Carroll School of Management. Werner is a CFA charterholder, a member of the CFA Institute and the CFA Society of Houston and a member of the National Association of Real Estate Investment Trusts (NAREIT).
This meeting will be at the same time, place, and room temperature as our usual meetings.
Date and Time:
Saturday, September 21, 2019
8:30 am Registration/Social
8:45 am Program
10:00 am Break
10:15 am SIG Meetings
11:30 am Meeting Close
Trini Mendenhall Community Center
1414 Wirt Road
Houston, TX 77055
In Advance (received by 5:00 pm on Friday, Septermber 20 via PayPal or mail), – Everyone, $10./family
After 5:00 pm on Friday, September 20 – Everyone $20./person by PayPal only, bring proof of payment
No at-the-door registration
To pay online by credit card or PayPal account, click on the Pay with PayPal button below.
AAII Houston September 21, 2019 Meeting
Family registration for AAII Houston, September, 2019 Meeting on “Publicly Traded REITS as Essential Components of a Diversified Portfolio” by Matt Werner, Chilton Capital Management
To pay by mail, please send payment to:
AAII Houston Chapter
10210 Pilibos Park Court
Katy, TX 77494
Your payment must be received by 5:00 pm, Friday, September 20.
If you have any questions, please contact us by using the following form: