REITs Pool

Real Estate Investment Trusts, aka REITs, are an income tax-free carve-out in accordance with IRS Code Section 856. They are a high-dividend entity and customarily have good yields when purchased at good prices. The members within this pool are apartment complex based entities, and appreciation of the fixed assets is normal. Good yields and appreciation make them relatively low-risk investments.

Bought Essex Property Trust

On June 14, 2022, the Value Investment Fund purchased 77.7000 shares of Essex Property Trust at $256.40 per share. Adding the $1 per share transaction fee, a total of $20,000 was invested into this security.

In addition, the Fund sold a PUT option for 100 shares at $9.90 netting $8.80 per share. The strike price is $240 per share with an expiration date of October 21, 2022.

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