01
Essex (ESS): Forecast Divergence → Earnings Drag
Los Angeles rent-growth divergence signaled earnings risk; disciplined hedging preserved flexibility through the post-earnings move.
US MultifamilyEarningsRisk Management
Case Studies
Portfolio
We deploy capital at price and volatility extremes across liquid markets. Below are illustrative case studies showing how we identify and act on dislocations.
Housing ShortfallNYC Office RecoveryEarnings Revision Dynamics
Investment Cases
Case Studies
Illustrations for discussion only. Not a recommendation to buy or sell any security.
02
German Residential: Policy Path & Disclosure Quality
TEG vs VNA divergence under same macro thesis highlights the role of disclosure quality, capex mix, and funding risk.
EuropePolicyFundamentals
03
NYC–LA Office Pair: Momentum vs Weakness
Long SLG/VNO vs short DEI with defined risk bands — capturing NYC leasing momentum while fading LA softness.
OfficePairs TradeRisk