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Are you hedging with REIT options? Or home builders? Are you able to hedge specific city risk?

• loftyai 7y ago
  Yes, we actually hedge with both depending on the area the property is located in. I hope you don't mind me not mentioning the specific products, since we don't want people in the market to bid up our hedging instruments and make them more expensive for us to buy. We can look into the portfolio for a lot of the REITs as well as the exposure certain builders have. Based on that, we can hedge specific states and cities very well. It's not a perfect hedge, but it will definitely reflect the local real estate market.