
How I Made A Fortune, Lost Most Of It, And Built It Back
Seeking Alpha
Published: Jul 19, 2026, 12:00 PM
Sentiment Analysis
Real estate investing success hinges on wide-moat assets, conservative balance sheets, and experienced management, as demonstrated by EGP, EQIX, AMH, and HHH. EastGroup delivered a 40%+ return since the prior recommendation; now fully valued at 30.7x, I would hold rather than add. Equinix benefits from scarcity-driven pricing power and AI demand, with a strong balance sheet and a 10-year dividend growth streak. American Homes 4 Rent and Howard Hughes Holdings offer compelling value and strategic growth, leveraging legislative tailwinds and unique asset portfolios.
There are two ways to learn about wealth creation. You can read books, or you can spend decades in the trenches, make millions, lose much of it, and then earn the opportunity to build it all over again.
Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies. Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President.
Note: Brad is also related to Nicholas Thomas who contributes to Seeking Alpha. Learn more Analyst’s Disclosure: I/we have a beneficial long position in the shares of EGP, AMH, EQIX, SEG, HHH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Source: Seeking Alpha
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