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A Low-Key Investment Strategy That Beat the Market with Half the Risk Thumbnail

A Low-Key Investment Strategy That Beat the Market with Half the Risk

Equity LifeStyle Properties (ELS) is the manufactured housing real estate investment trust (REIT) founded by Sam Zell. Since IPO on February 25, 1993, ELS returned 16.7% per year compared to the S&P 500’s 10.5%. Even more impressively, ELS generated this performance with a beta of 0.5. Manufactured housing is an overlooked segment of the market that investors should consider.

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