our process

How we invest

Superior business models with captive tenants

Sector Selection

Real Estate has good and bad business models. Indexes don't get that. We start by asking what real estate we would love to own forever.

Stock Selection

Then we invest in sector leaders with unfair advantages (tenant pricing power) and low ongoing capital needs
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Monitor & Rebalance

If the facts change we adjust accordingly. If not, we're happy to hold compounding machines forever.