From a small northwestern observatory…

All of us at Greenfield Advisors hope all of you are staying as safe as possible as we continue thru this Covid pandemic!

As noted last month, ACCRE continues to perform well, having recaptured most of the bear impacts. None-the-less, we made some portfolio adjustments in late May to drop a few laggards and add a few positions we felt would serve well going forward this year.

As you probably know, the S&P 500 had a great month, but still lags behind ACCRE both lifetime returns as well as performance since the Feb-March bear slump. The overall S&P Global Property Index is just back to level territory, and had a dismal May.

We’ll be back mid-month with some portfolio metrics. Stay safe out there!