Global Deep Value Investor
For Investors interested in emerging market real estate working with local sponsors currently executing high risk adjusted return strategies:
Resi Restart Finance Outline
As with most real estate cycles, at one point in time things appear to be perfect. This usually corresponds to a low interest rate environment, strong demand, available land, credit, and suppliers that can execute. Often during these boom times, the…
Uncle Mauricio Comes Home – Brazil’s Individual Investor Returns to Real Estate
Emerging markets can be considered volatile (negative perception) or opportunistic (positive perception) at certain times of the cycle. It is clearly important to understand the underlying big themes that are driving the market’s behavior and perceived reduction of
The Pendulum Swings – Brazil’s Economy Starts to Rebound
A snapshot of Brazil´s economic shift, from the depth of the recession to the change in outlook and current economic momentum. Proactive strategies for deep value real estate investors at this time in the cycle.
“You Cannot Make A Silk Purse from a Pig’s Ear”: Lessons from Teachey, North Carolina
We visit the small town of Teachey, NC, population 500, and discover that one cannot make a Silk Purse from a Pig’s Ear. We cover why some sellers thought their assets were worth more than their actual market value and how this is changing rapidly based on various pressures. Importantly, we also reveal why this results in large-scale deep value investment opportunities
Who is John Galt? Free Enterprise in Emerging Markets
A philosophical discussion about free enterprise in emerging markets. The story starts in Venezuela and examines the good, the bad, and the ugly of free markets and whether there is any other solution.
“Now It Matters” – Importance of Timing and Deep Value Investments
Timing is almost everything. This newsletter specifically covers the high-return investment opportunity in Brazil’s lot subdivision market.
“The Revolution Will Not Be Televised” – Civic Capital in Brazil
Using Gil Scott-Heron’s poetic genius as an introduction, we discuss how Brazilian society is changing and how this creates investment opportunities.
Don Quixote and The Emerging Market Residential Developer
A journey to La Mancha, Spain provides an analysis of the São Paulo residential housing market post political and financial crisis and new opportunities based on this new environment and market equilibrium.
“The Thrill is Gone” & Currency Hedging
B.B. King’s “The Thrill is Gone” takes us on a journey to Itta Bena, MS where we gain perspective on the Brazilian currency and potential hedging strategies for USD investors.