Matt Werner of Chilton Capital Management - Investing in REITs

Jul 26, 2022

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Real estate investment trusts (REITs) are one of the most popular investments for income-seeking investors. They can be a valuable addition to any portfolio as they offer high dividend yields and the potential for capital appreciation.

In this episode, Rusty and Robyn talk with Matt Werner, Managing Director and Portfolio Manager at Chilton Capital Management. In his role, Matt leads the Chilton REIT Team, performs analysis, conducts property tours, and meets with REIT management teams to assemble a portfolio that seeks to outperform the benchmark. His team is also responsible for managing accounts for institutions, high net-worth individuals, and a public 40 Act Fund.

Matt talks with Rusty and Robyn about Real Estate Investment Trusts (REITs), how they work, why investors and advisors should consider investing in them, and the general rule of thumb for investing in REITs.

Key Takeaways

[03:41] - What attracted Matt to real estate investment trusts.
[06:30] - How Chilton Capital Management's REITs strategy differs from others.
[08:07] - REITs: What they are and how they work.
[10:24] - Why investors and advisors should consider investing in REITs.
[12:51] - A general rule of thumb for investing in REITs.
[14:33] - Matt's forecast for the macroeconomy in the coming months.
[17:13] - Matt's outlook for commercial properties.
[20:16] - What Matt thinks about multi-family, rentals, and mobile home parks.
[22:13] - Matt's personal investment strategy.

Quotes

[05:11] - "In 2008, REITs were the first ones to be able to break through the capital barrier. And they were able to raise debt and equity, albeit at a very dilutive price, and it shows me that this is a cool way to apply some knowledge I learned in real estate." - Matt Werner

[09:54] - "I think the public REITs will continue to show their superiority for individuals as we go along and grow their share of the pie, which has been growing rather slowly but still making headway." - Matt Werner

[11:23] - "Residential real estate has done well in times of inflation. And thinking logically, you could apply that to something like multi-family or single-family rentals that inflation should help on that top-line growth for rent." - Matt Werner

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1177-OPS-7/6/2022