Important Announcements: Ukraine & New Field Trips Coming Soon
Hi,
This is Jussi and I have a few quick announcements to make.
Firstly, I am happy to report that I am back from Ukraine and the trip went very well.
Last time, we brought 9 cars to the Ukrainian military and this time, we did even better as we brought 10 cars to them!
We drove from Tallinn, Estonia all the way to Kyiv, Ukraine - a 34 hour drive:
This was only possible thanks to the generosity of the High Yield Landlord community. In total, we raised nearly $40,000 from our members for this trip.
Three of our members donated $10,000; a few donated $1,000-$2,000; and many gave $100-500. The amount of support is really mind-blowing to me. I am so grateful to have such generous people on board of this community as this really helps make a big difference for Ukraine.
So a big thank you to all of you who donated, especially since I know that the market has been rough lately. We again had some soldiers cry out of joy as they heard about how we were able to crowdfund these purchases.
Since most of the money came from US-based members, we also put US flags on two of them:
My next trip to Ukraine will be in January. I will again announce it a few weeks prior to it just in case some of you want to help in a way or another.
And here's the second announcement:
Our international field trips are coming back soon.
Something unique about High Yield Landlord is that we don't cover just US REITs, but we also cover foreign markets.
There are over 30 countries with a REIT regime and often, the best opportunities are abroad:
But real estate is a very local business and unless you have boots on the ground and actually talk to local people, it is hard to really know what's happening in a given country.
That's why, each year, we organize field trips to foreign countries in an effort to uncover new hidden gems for our International Portfolio.
In 2019, I spent 3 months in Asia looking for the best Asian REIT opportunities. In 2020, we did not get to travel due to the pandemic, but as borders reopened in early 2021, I went to Dubai, UAE to look for the best Middle Eastern REIT opportunities. Later in the year, I also spend a few weeks in Canada to meet local REIT management teams. Then in early 2022, we also looked for opportunities in South America.
What's next?
In October, I will head to Israel, which is a growing REIT market with a lot of potential and seemingly many mispricings at the moment. I will meet local management teams, conduct interviews, and also tour properties to get a better feel for the market, and ultimately, to identify the best opportunities for members of High Yield Landlord.
After that, I will also go to South Africa, which is by far the biggest REIT market in Africa. Again, I will get more familiar with the local market and present the best opportunities that I discover.
And don't worry: our main focus will remain on the US market. This is just extra research for those of you who want international exposure. I think that the recent market volatility is a good reminder of why it is so important to be diversified.
Finally, if you happen to be based in Israel or South Africa, feel free to send me a message or email at jaskola@leonbergcapital.com and I will be happy to meet you.
Have a great Sunday!
Jussi