Real estate is underwritten with discipline: net asset value, cash flow, replacement cost, and underlying fundamentals. Public markets do not always apply the same level of analysis to real estate securities. Interest rates, sentiment, and capital flows can create meaningful disconnects between market pricing and the value of the underlying assets.
Torcan Capital was founded on the belief that these disconnects create opportunities for investors who apply rigorous valuation and fundamental analysis. The firm invests in publicly traded real estate securities where market pricing differs from underlying value, while bringing the same expertise to investors and organizations evaluating real estate capital allocation decisions.
Torcan Capital is founded and led by Shawn Toreson, CFA, AACI, MAI, MRICS.
