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David,I assume you are talking about INVH (Single Family 4 rent REIT) and not INVN. I bought INVH at pandemic low (3/26/2000) between $19.35 to $19.4; Of course I have trimmed around $30, then added subsequently on 3/8/2021 @ 28.8. After that I didn't touch the position and left it. While the stock is yielding 2.15% my effective yield is tad higher than 4%.Remember the bulk of the portfolio is purchased before pandemic and the recent run up in home price is not in the book. Separately, the rents are going up. Still one can question, the cap-rate and market cap to BV multiple (which is also appropriate in this case). Yeah it is pricey.The ones I bought are AVB, EQR, and UDR.I have sold ROIC some time back. I am looking into REG, but have not bought any shares so far.
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