Choice Properties Real Estate Investment Trust T.CHP.UN

Alternate Symbol(s): PPRQF

Choice Properties Real Estate Investment Trust is a real estate investment trust that creates value through the ownership, operation, and development of commercial and residential properties. The Company’s portfolio is comprised of retail properties primarily leased to necessity-based tenants. It also owns a portfolio of industrial, mixed-use, and residential assets concentrated in markets across Canada. Its retail portfolio is primarily leased to grocery stores, pharmacies, and other necessity-based tenants. Its industrial portfolio is centered around large, purpose-built distribution facilities for Loblaw and generic industrial assets that accommodate the diverse needs of a range of tenants. Its industrial properties are in target distribution markets across Canada. Its residential properties include both newly developed purpose-built rental buildings and residential-focused mixed-use communities. It is the owner and manager of over 64 million square feet of gross leasable area.

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Choice Properties Real Estate Investment Trust > NCIB again

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Comment by materialsgirlon Nov 22, 2022 11:57am

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Post# 35118945

RE:RE:NCIB again

James;
I share your sentiment in principle.
The challenge is that the acquisition price of new assets is very high (low cap rates).
Developing new GTA assets is a process. You need permits etc and then you need builders.
Even if it was possible to build 4 million square feet in Caledon in 2023 it could take too nuch
time to lease it all quickly.
Zero percent vacancies is a short term thing in the Industrial space.

While it might take 10 or 12 years from start to finish to build an Apartment building
the timeline for an Industrial building may be 3 years.

mar

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