Bill Chen

Bill Chen, founder of Rhizome Partners and a seasoned expert in real estate investing, joins to delve into the disconnect between public and private real estate valuations. He highlights recent take-privates of smaller REITs and discusses NAV arbitrage opportunities, explaining why discounts persist in the market. Chen also anticipates a multi-year underbuilding risk in multifamily housing and believes new developments will focus on the Sunbelt due to favorable conditions. His insights on interest rates, dividend resilience, and potential upside are particularly enlightening.

Real estate investor and Managing Director at Rhizome Partners, Bill Chen, discusses the discrepancies between publicly-traded and private real estate markets, explores the current real estate environment in relation to historical periods, and shares his real estate thesis. He also talks about liquidation premium, geographic risk, financing during a distress cycle, and why this opportunity exists in publicly-traded real estate.

Bill Chen, founder of Rhizome Partners, discusses the investment case for REITs, analyzing cap rates, market dynamics, and real estate as a public security. He emphasizes the benefits of investing in larger, more liquid REITs and conducting thorough on-site research for individual asset evaluation. The discussion also touches on reflexivity in REITs and the valuation of class A office buildings.

Bill Chen, founder and managing partner of Rhizome Partners, shares his insights on public equity investing in real estate. He emphasizes the importance of on-the-ground analysis and pre-mortem failure assessments to predict investment pitfalls. The discussion covers the risks of REITs, particularly around management quality and governance structures, revealing how family ownership can affect investor decisions. Chen also delves into post-COVID market changes and investment strategies, while comparing capital cycle approaches in real estate and manufacturing sectors.

In this discussion, Bill Chen, a seasoned expert from Rhizome Partners, shares his insights on the multifaceted world of real estate investing post-NAREIT. He highlights key trends such as the resilience of public REITs against market stresses and the shifting dynamics in rental markets, especially in NYC and the Sunbelt. Bill navigates the complexities of grocery-anchored retail investments and the impact of AI on operations. His analysis sheds light on valuation divergences and investment opportunities in today's competitive landscape.