Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:Portfolio Map

[Reece1986b]

I think covid+work from home has essentially inverted everything. A market like Winnipeg which would have been regarded as undesirable a few years ago has a lot going for it now in my opinion. Nobody ever did much in the way of building in Winnipeg because it's Winnipeg. That means there is way less new office supply to absorb than  "more desirable markets" which is very relevant because it is really not a good combination to have new supply coming online as companies are reducing their office footprints (e.g. San Francisco).

Much of the office space is suburban which is faring better than downtowns in most markets. It is in markets such as Minnesota/Wisconsin/Winnipeg all of which what I said above could apply to. 

Much of the retail space is 'open-air. 

SNAKEYBOY wrote: I spent extensive  time this weekend analyzing arti's assets.  Artis definitely has a very broad range of assets and diversified over locations, while some look boring others look like they are well located and high-quality buildings.  You can check it out here.   The good thing about artis is that this does provide it with the ability to continue to crystalize some  of the value in their portfolio and execute on their plan, unlike a pure office play that may have limited options right now.   

Even retail that are grocery anchored will be able to sell easy IMO.

https://www.artisreit.com/our-portfolio/portfolio-map/