“We like… the real estate business and expect to acquire many Realtors and franchisees during the next decade,” wrote Warren Buffett in his 2016 Investor Letter for Berkshire Hathaway.
In his 2014 Letter, “the oracle” even offered advice on achieving success in real estate investing.
Today…
Buffett and Berkshire Hathaway (again) increased their allocation to real estate, becoming one of the largest shareholders in what CNBC is calling “an obscure real estate firm.”
Berkshire’s $377-million investment makes Buffett’s company the third largest investor in the real estate investment trust (REIT), with a 9.8% stake.
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