Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Alternative Investments > Real Estate

Fund Manager: Samuel Lieber

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Funds Currently Managed

Alpine US Real Estate Equity Fund/Y (EUEYX), since September, 1993; Alpine Realty Income & Growth Fund/Y (AIGYX), lead manager since December, 1998; Alpine Intl Real Estate Equity Fund/Y (EGLRX), manager since February, 1989.

Investment Style Overview

Invests in real estate investment trusts (REITS), home builders, lodging chains, and companies that have at least 50% of their operations in real estate. Unlike many of domestic funds’ peers, which generally invest mainly in REITs, Lieber is willing to concentrate on other segments of the real estate industry. Takes value-oriented approach in picking individual stocks.

Key Stock Selection Criteria

*Inexpensive relative to company’s earnings, sales, or book value.

*High returns on equity and invested capital.

*Healthy margins.

Key Sell Criteria

*Valuation becomes pricey.

*Company’s financial fundamentals erode.

Biographical Notes

Samuel Lieber is chief executive officer of Alpine Management & Research, which he founded in 1998. He was previously a real estate analyst and real estate portfolio manager with Evergreen Funds (1985-1989). Before joining Evergreen, he worked for Whitbread-Nolan Inc.’s investment property brokerage division. He holds a BA in art from Wesleyan University.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.