Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s): DRETF

Dream Office Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust. The Trust owns central business district office properties in various urban centers across Canada, with a focus on downtown Toronto. The Trust owns and manages 3.5 million square feet of office land in downtown Toronto. Its objectives include managing its business and assets to provide both yield and growth over the longer term. Its properties are located across Adelaide Place, Toronto; 30 Adelaide Street East, Toronto; 438 University Avenue, Toronto; 655 Bay Street, Toronto; 74 Victoria Street/137 Yonge Street, Toronto; 36 Toronto Street, Toronto; 330 Bay Street, Toronto; 20 Toronto Street/33 Victoria Street, Toronto; 250 Dundas Street West, Toronto; 80 Richmond Street West, Toronto; 425 Bloor Street East, Toronto; 212 King Street West, Toronto; 357 Bay Street, Toronto; 360 Bay Street, Toronto; 350 Bay Street, Toronto; 56 Temperance Street, Toronto; and 6 Adelaide Street East, Toronto.

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Dream Office Real Estate Investment Trust

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Comment by BullishBaytixon May 15, 2016 9:28am

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Post# 24874544

RE:RE:Im not worried long term

pierrelebel wrote:
NVU,UN and D.UN are in two totally different businesses. One is mostly residential, the other office (business) rentals.

We own both.

We have owned NVU for years, back in the day ity was called Northern Properties.

We recently sold CRR.UN (at a good profit) when it went above $15 to buy D.UN for the extra 1.9% yield.

We expect Dream may be a laggard for a few years until the price of oil returns to "normal" (whatever that is) and business starts renting again in Alberta. Considering the distribution is "safe", I do not mind holding while getting 7.85% (in TFSA)

I still might pick up some NVU if it pulls back a bit. I like it anywhere under $20/share

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