Rhizome Partners' Bill Chen updates his publicly traded real estate thesis+ $AIV pitch

Bill Chen, a real estate investor and Managing Director at Rhizome Partners, returns to the podcast to discuss the performance of publicly-traded real estate market and why it's done so well since his last podcast appearance in October 2023 + pitch on Apartment Investment & Management Co. "AIMCO" (NYSE: AIV). For more information about Rhizome Partners, please visit: http://rhizomepartners.com/ AIV pitch deck: https://docsend.com/view/4n5xq5mc58xwhx64 Chapters: [0:00] Introduction + Episode sponsor: Ycharts [2:18] Capital cycle for publicly traded real estate vs. privately traded [8:53] Five cap rate: how does it interplay with the Treasury rate? [13:02] Publicly traded real estate company performance: have these REITs done well because of management or in spite of management [20:11] Due diligence trips for REITs [30:06] AIMCO $AIV - what is it and why so interesting to Bill [36:26] What is Bill seeing that the market is missing the generates alpha in $AIV [39:38] $AIV report card / management team [48:02] Capital allocation / corporate governance [53:08] Valuation [57:31] Additional $AIV assets (besides Miami assets [1:04:15] $AIV final thoughts Today's sponsor: Ycharts This episode is sponsored by our friends at YCharts, the ultimate platform you need in your toolkit for turning your financial insights into captivating client conversations. With YCharts, each output is a powerful visual that brings your analyses to life and intuitively explains the “why” behind your strategy. Don’t get bogged down in the nitty-gritty of data and report creation — with features like PDF Reports, proposal generation, fundamental charts, and free content resources, YCharts gives you the visual edge you need to make a lasting impression and seal the deal. Click here to start your free YCharts trial and level up your game with YCharts: https://go.ycharts.com/yet-another-value