top of page
Mitt Chen
CULTURAL ASSET ECONOMICS
Home
CAE
CAE Case Library
Working Paper
The Vault
Events
About
Contact
Membership
My Subscriptions
Use tab to navigate through the menu items.
Log In
All Posts
CAE Cases
Investor Notes
Trash-to-Yield: How Modular Shacks Are Beating Luxury Apartments
A pension CIO once told me their ‘impact mandate’ included buying a warehouse full of used IKEA furniture. That fund did 11% IRR — outperforming their urban office exposure by 300 bps.
Mitt Chen
Aug 11, 2025
4 min read
bottom of page