REIT Strategy

Invests primarily in Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs).

DATA AS OF
December 31, 2018

BENCHMARK
FTSE NAREIT All Equity REITs

INCEPTION DATE
January 1, 1989

NET ASSETS
$1.14 Billion

 


PERFORMANCE AND STATISTICS

 


PORTFOLIO

 


INVESTMENT APPROACH

Richard Imperiale

Chief Investment Officer

Our investment process emphasizes location, location, location, and:

  • Over 30 years of investment experience
  • A pioneer in REIT investing since 1988
  • Author of Real Estate Investment Trusts: New Strategies for Portfolio Management
  • Leads a team of investment professionals with more than 200 years of total investment experience

IMPORTANT INFORMATION

1. Uniplan Investment Counsel is a boutique investment firm, with roots dating back to 1984, that manages a variety of portfolios primarily for US clients. 2. The composite was created January 1, 1989. Performance is calculated in US dollars utilizing a time-weighted total rate of return. Total return for the composite is represented by the asset-weighted returns of the portfolios within the composite. Trade-date valuation is used. 3. Performance is net of all transaction costs and net performance is net of transaction costs and (maximum allowable total) investment management fee, but before any custodial fees (that may be incurred separately by the client). 4. The benchmark for the composite is the FTSE NAREIT All Equity REITs Index that represents the tax-qualified REITs listed on the New York Stock Exchange, the American Stock Exchange and the NASDAQ National Market System. The index is adjusted to reflect the reinvestment of dividends. It is not possible to invest directly in an index. The index figures do not reflect any deduction for fees, expenses or taxes. 5. The dispersion of annual returns is measured by the standard deviation of asset-weighted portfolio returns represented within the composite for the full year. The standard deviation of the annual returns for the period January 1, 1989 to December 31, 2018 is 16.07% for the composite and 18.50% for FTSE NAREIT All Equity REIT Index. 6. The composite includes fee-paying discretionary accounts, and may contain non-fee paying discretionary accounts, with similar investment objectives. The composite excludes accounts with special investment mandates or restrictions and accounts for which only a model portfolio is provided. The composite doesn’t have a minimum size criterion for composite membership. Leverage is not used in this composite as a means to generate higher returns. Individual account holdings may vary depending on numerous factors including the size of an account, cash flows, and account restrictions. 7. There have been no changes in the personnel responsible for the management of this composite. 8. The composite contains both traditional and wrap fee portfolios. Uniplan has a flexible and negotiable fee schedule reflecting the differences in size, composition and servicing needs of clients’ accounts. 9. Uniplan Investment Counsel does not claim GIPS compliance. A complete description of investment advisory fees is contained in Uniplan’s Form ADV and is available upon request. Individual account performance may vary from the results because of differences in inception date, restrictions and other factors. Past performance is no guarantee of future results. Investment involves a risk of loss.