An activist investor, known for buying shares in real estate companies and pushing for changes in hopes of boosting the stocks, is pursuing a new tack: betting against some of New York City’s biggest office owners.
Jonathan Litt’s hedge fund, Land & Buildings Investment Management, is taking short positions in Empire State Realty Trust, SL Green Realty and Vornado Realty Trust, according to a person familiar with the matter.
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And that contributes to society how exactly?
He might win money. If the world is dumb enough to lockdown, it sure can think splitting productive teams to save office space is a good idea.
How original
TFMkts so that's why $VNO and $SLG have been underperforming...
Starting?
Who knows what he would like to do. At the moment, the economy is encountering the biggest threat created by the spreading of the coronavirus, which would make the economist tell us that doing jobs at home without having to gather together in the offices. Maybe a failer!
Shit's broken. Time to call the Financial Engineers.
Correct
Good. They're eating their own
Dumb
'Activist real-estate investor'
That seems...prudent.
PLAYING SILLY MONEY GAMES
These are things that no American outside of New York City, and less than a hundred inside New York City, would ever care about.