Sentinel ‘runs against the herd’ to end 2016 strong
January 13, 2017
It has been another big year for Sentinel as we continue to grow our presence in our chosen asset classes and expand into new markets and locations not yet identified by others, in particular in the regional office sector.
We also continue to take money ‘off the table’ when opportunities arise for strategic divestment.
Sentinel’s national portfolio now totals 45 assets, with a total value in excess of $1 billion, and we have sold a total of 11 properties for $220 million at an average Internal Rate of Return of 25.17%. In the current market we remain both a buyer and a seller, with an unwavering focus on maximising investors’ returns at all times. We are also committed to maintaining our ‘first mover’ standing out ahead of the chasing pack through the early identification of new emerging and alternate investment opportunities.
The 2016 year has been widely described as one of disruption, mainly due to the shock of global political events such as the Brexit vote in the UK and the election of Donald Trump in the USA. The so-called experts didn’t see these coming and as a result many investors, who rely on the generally-accepted narrative, have been spooked in the fall-out.
However, it is all a matter of perception and having the courage to run against the mentality of the herd and the mainstream economic and media narrative that change and disruption is bad for investors.
At Sentinel, we openly welcome disruption as it creates opportunity. While others are sitting on their hands, we are actively seeking out new opportunities created by the changed dynamics. As the other great Warren says: “Be fearful when others are greedy and greedy when others are fearful.”