6 Comments
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Julien Pervillé's avatar

Have a nice position in ELS but not buying more yet, I'd rather start a REG position (tomorrow after the PFF rebalance is over).

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JaxBill's avatar

Great analysis. Thanks Paul. I'll track ELS. I like the space. I get some if it comes down.

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Paul Drake's avatar

Oh yes. At a 5% yield I would buy a lot. And maybe some in between 4% and 5%.

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JaxBill's avatar

I'll start in the low 4's and , yes, at 5, I'd by a lot. I like the space. The cost to build new housing is very high. It's not getting cheaper given our immigration enforcement.

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Karl Z's avatar

I see no reason not to add to REG today.

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Paul Drake's avatar

Indeed!

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