Hunter Hopcroft, Managing Director, Portfolio Solutions at Armada ETF Advisors, stops by The Business Brew to primarily discuss REITs. Hunter is quite a thinker and the conversation veers into other parts of markets such as AI, how the economy is changing and more. You can find Hunter's writing here: https://www.lewisenterprises.blog/

Bill pinged Hunter after someone (on the Twitter machine, so you know it's factual) made a comment that REITs are inherently bad investment vehicles. We hope this episode is informative and realistic about the investment vehicles. You may learn:

• The vast difference between market cap weighted public REIT allocations and private sector real estate allocations
• Why public market REITs have less leverage than their private peers
• A theory about why Blackstone bought $AIRC and what the true cap rate was
• Whether dividends are better than academia believes

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As always, we hope you enjoy the show. Thank you for your time!

PS. Reach out if you are interested in sponsoring the show. You can contact Bill at bill@thebusinessbrew.com.

Detailed Show Notes:

3:00 - Hunter transitioned his career around an interest in REITs

7:00 - Private and public markets own basically the same assets

10:00 - How private markets create a lock in for RIAs that may help the RIAs' multiple when they sell the business

11:00 - Negative features of REITs

17:00 - The downside scenarios for multifamily housing

20:30 - What can dividend growth do for a portfolio?

27:30 - How Hunter thinks about the different REIT asset classes.

30:00 - The difference between private real estate allocations and public market market cap weighted allocations

41:00 - The different valuation methodologies to analyze $AIRC

48:00 - Why are private market cap rates still healthy relative to public markets?

52:00 - Hunter's view on markets and where they are right now

56:00 - Some riffing on AI

1:04:00 - In defense of Marty Whitman!