Land & Buildings Enters Public Short Position
Land & Buildings, a prominent hedge fund, shifted their investment thesis from long to short after discovering a 50% decrease in foot traffic at Alexandria Real Estate Equities. This surprising result prompted them to reevaluate their position and post their reasoning in a white paper.
50%
average decrease in post-pandemic foot traffic
20-30%
reduction in traditional office tenants' square footage requirements
60 min
minimum length of stay threshold to exclusively sample employees
The Challenge
Land & Buildings, an activist hedge fund, sought to understand the impact of post-pandemic remote work on occupancy rates for companies in the life science sector. The fund needed to accurately evaluate this impact to validate their investment thesis.
The Outcome
Analyzing employee activity at each property in the Alexandria Real Estate Equities portfolio, Placer data revealed a 50% average decrease in post-pandemic foot traffic, data that became a key component behind Land & Buildings’ public short thesis.
Placer has been a fantastic new tool in our due diligence process. Alternative data like Placer’s location analytics give insights into people and business performance that simply didn’t exist before.
.png)
