Investment Strategies

Commercial real estate («CRE») remains an intensely cyclical business. We have always believed that the greatest arbitrage opportunity is not, as is commonly believed, the difference in price between asset A and asset B. Rather, it is the difference between the price of asset A at the bottom of the market and the price of asset A at the top of the market.

Investment Return by Annual Income Company (IRAIC) is the strategy when we can invest in companies (Small, Medium Companies) but with tangible real assets.