Colleagues,
As we kickoff 2021, I’d like to take a brief moment to reflect on the previous year as we distribute our final quarterly newsletter of 2020. The challenges faced in 2020 are unlike any the industry has seen before. Despite this, the industry managed to make significant progress and I look forward to what 2021 has in store.
As evidence of the continuous progress our industry has made, I’d like to share a recent win the IPA was able to secure on behalf of our entire membership. An opinion column titled How much are nontraded REITs really worth appeared in InvestmentNews on December 10. The piece mentioned outdated and, at times, false information to paint nontraded REITs and our industry as a whole negatively.
Upon reading the article, I could not sit idly while our industry was unfairly – and untruthfully – disparaged. Days later, the IPA submitted a letter to the editor titled The evolution of nontraded REITs can’t be overlooked any longer. The letter was subsequently published in the magazine’s January 11 edition.
I encourage you to take a brief moment and read the digital edition linked above. To summarize, our letter argued that the industry has made significant progress since the outdated points brought up in the Dec. 10 column, and that nontraded REITs and other portfolio diversifying investments are viable investments for investors seeking long-term diversified returns.
Although the letter is submitted under my name, it is truly a testament to the progress our members have made throughout the last decade. The IPA cannot do what it does without the support and commitment from our membership, and I look forward to continuing our great work into 2021 and beyond.
Here’s to a happy, healthy and successful 2021.
Tony Chereso
President & CEO
Institute for Portfolio Alternatives
