Fast Money's Commercial Real Estate Short Plays-
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Date updated:01-02-2008

Hedge funds are betting that a real estate downturn may spread to office buildings. Should you bet with them? Fund managers who were short the residential mortgage space made a lot of money, explains Karen Finerman. Now they’re looking for the next trade and think it’s office buildings.

symbol name last price % change open
  • +
  • SPG
    Simon Ppty Grp In
  • $93.76
  • -0.48%
  • $93.06

Finerman explained that if you want to follow the hedge funds, bet against Simon Property Group (SPG), Taubman Centers (TCO) and iShares Dow Jones US Real Estate Index Fund (IYR). Adami thinks Simon Property Group could have more room to fall.

People owning SPG also tend to own: CDECHTRGEPGNTOLBACCOP

TheStreet.com Rating: C+ What is this?

  • +
  • TCO
    Taubman Centers I
  • $48.70
  • +0.39%
  • $48.40

Finerman explained that if you want to follow the hedge funds, bet against Simon Property Group (SPG), Taubman Centers (TCO) and iShares Dow Jones US Real Estate Index Fund (IYR).

People owning TCO also tend to own: CDVNKBHOCRPCUDOWGS

TheStreet.com Rating: C What is this?

  • +
  • IYR
    Ishare Dj R Est I
  • $63.46
  • +0.63%
  • $62.55

Finerman explained that if you want to follow the hedge funds, bet against Simon Property Group (SPG), Taubman Centers (TCO) and iShares Dow Jones US Real Estate Index Fund (IYR).

People owning IYR also tend to own: BRK-BCHTDEOEXPDFLGGGJNJ

TheStreet.com Rating: No Rating What is this?

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