Blackstone Real Estate Investment Trust (BREIT) announced today that it will pay $3.1 billion for WPT Industrial Real Estate Investment Trust (TSE: WIR.U) in an all-cash transaction. The Millionacres takeaway: Toronto-based WPT adds 109 properties in 19 U.S. states to the privately held BREIT and more fuel to the fire in the hot market for industrial REIT (real estate investment trust) investment in general. In an upside-down world of financial markets, expected returns after inflation are at record lows, The New York Times reports today. Read More...
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Is Alibaba (BABA) A Smart Long-Term Buy?
Tweedy, Browne Company LLC, an investment management firm, published its “International Value Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. A portfolio quarterly return of 5.17% was recorded by the fund for the second quarter of 2021, while its benchmark, the MSCI EAFE Index, by comparison returned 4.94% […]
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