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Management Does Matter, Here's Why I Love Ladder

You've heard me say it time and time again, "management does matter".

Summary

  • In a REIT with an internal management structure, its own officers and employees manage the portfolio of assets.
  • Conversely, a REIT with an external management structure usually resembles a private equity arrangement, in which the external manager receives a flat fee and an incentive fee for managing.
  • I am upgrading LADR from a BUY to a STRONG BUY.
  • You've heard me say it time and time again, "management does matter".

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