AI Snips
Chapters
Transcript
Episode notes
Emerging Markets and Urbanization
- Emerging markets offer compelling opportunities due to youthful demographics, low valuations, and rapid urbanization.
- 96% of projected population growth to 2040 is in emerging market cities, driving demand for infrastructure and real estate.
Marriott Hotel in Jogjakarta
- John Haskell personally visited a Marriott Hotel in Jogjakarta, Indonesia, observing local business and social interactions.
- The hotel was bought cheaply during COVID by a local real estate company with a strong balance sheet, serving domestic travelers.
Governance Matters in Emerging Markets
- Governance is a key factor when investing in emerging market real estate equities.
- Preferred management teams align with shareholders' interests and demonstrate competence in capital allocation.