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Denbury Resources Inc. Message Board

  • harehau harehau Feb 11, 2013 12:27 PM Flag

    best investment in 20 years

    A private equity guy with $48 billion under mgt, single family homes. 120mm homes in US, 6mm already foreclosed, 6mm in the process. 2 mm / year new demand. Buying units below replacement cost. They own 8k units, 5 biggest cos have 50k units. 14% gross return, 6 % net. Will put them into Reits. Can't do it as an individual, they say, but not sure why you couldn't, not something I would want to do. Probably explains the cash offers in bigger markets. Phoenix is up 20%+ in a year.

    Homes will be refurbished, seems CSTE would be a good bet as housing recovers. I'm not sold on this being the 20 yr trade. This real estate conversation was on Fast Money, they spent a few minutes with that and wanted to talk Google, Apple. Kind of like turning on ESPN and hearing about the Lakers latest travails all day.

7.92Mar 26 4:00 PMEDT