Our approach to real estate investment

At TRX, we believe that current income is the most attractive and enduring attribute of real estate returns and that publicly listed REITs, in particular, provide unique instruments and opportunities for pursuing outsized and compounding income streams from defensively structured positions in their capital structures.  

In contrast, we believe that property price appreciation is less compelling for stabilized real estate properties since it's dependent on macroeconomic tailwinds (like perpetual interest rate compression, a 40-year trend from the 1980's that can't be relied upon going forward).  

As a result, we pursue an income strategy to generate returns from defensively structured positions in publicly listed REITs with an aim to deliver superior total and risk-adjusted returns for real estate investors.