AWP is now trading at a 23% discount to NAV:http://www.etfconnect.com/select/fundpages/other.asp?MFID=176477So if one expects CRE to correct by another 20% this year, maybe that's already priced in. Still, I'm holding off to buy until latter. Cheap can always get cheaper.
from a percentage perspecitve - people have lost more with AWP than C or BAC - AWP - stop spending our $$ on glossy mailed reports that gloat about what you have done for us and what you are going to do and fix your portfolio.
Discount now 26%. AWP may be a buy at $2.00. Only another 22% to go.
NAV in real estate is not a "mark to market" figure but rather a "mark to estimate."
For AWP the NAV is the value of the REITs in its portfolio. In other words, if you were to go out and but the REITs themselves on your own it would cost you that mauch to do so.