About

Public Real Estate Analysis is an independent research and advisory practice focused on U.S. REITs.

The work is grounded in a simple idea: most outcomes in real estate investing are shaped less by forecasts than by capital structure, incentives, and timing.

Over time, it becomes clear that good judgment rarely comes from having perfect information. It comes from understanding risk, keeping perspective, and knowing when to act — and when not to.

The research here draws on practical experience in real estate and capital markets, combined with a broader interest in how systems behave under different conditions. Questions are approached using multiple lenses — from replacement cost to wider economic frameworks — with an emphasis on what actually constrains or enables decision-makers.

Public Real Estate Analysis is used by institutional investors and REIT management teams who want an independent view they can trust — whether to test assumptions, think through trade-offs, or bring structure to decisions that don’t fit neatly into a model.

The aim is not volume or visibility. It is clarity.

Writing and analysis are deliberately plain. Clear thinking deserves clear language.

The material on this site is for informational purposes only and does not constitute investment advice.