WPG - Our High Yield REIT Portfolio - Optimizing Rebound Potential

I’ll be honest – we did not see the economic shutdown from Coronavirus coming. Our daily efforts are dedicated toward looking at the fundamentals of specific securities as well as the macro economy. Stock specific fundamentals of the REITs we owned looked strong and the economy also looked strong with healthy GDP growth, impressively low unemployment, wage gains for blue collar workers and high consumer sentiment. Perhaps one could have looked at contagiousness of coronavirus and seen the future, but we thought it was going to be like the other outbreaks (H1N1, SARS, EBOLA) where