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Properties

Real Estate Investment Trust Stocks
REAL ESTATE INVESTMENT TRUST STOCKS

 
Description

Investment Date: July 1999

Investment Cost: $5.0 Million

Improvement Cost: N/A

Sale Price: $5.9 Million

Sale Date: June 2000/January 2001

IRR: 15.3%
The fund consists of eight REIT stocks that are broadly allocated against the following industry sectors: Industrial (35%), Office (30%), Apartments (20%) and Retail (15%). The portfolio pays quarterly dividends totaling approximately 8% annually.

Strategy

REIT stocks were selected to afford maximum liquidity and minimum downside risk. The REIT portfolio generated consistent cash flow and was sold after the stock values increased.

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Charter Capital Management, Inc.