My argument against Commercial Real Estate is the aggressive cap rate assumptions being made. The recovery will most likely be muted. There will be more pain at the Malls and other parts of CRE. Accordingly would recommend a short in SPG at a strike of $60 (sell August $60 to pocket $60).
AVB could be another short play on the Apartment REIT. Although liquidity of the trade is a concern.
No comments:
Post a Comment