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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.


TSX:D.UN - Post by User

Comment by Frankie10on Aug 23, 2023 10:22am
65 Views
Post# 35601676

RE:RE:Should have sold DIR at $14.50

RE:RE:Should have sold DIR at $14.50I wasn't sure about disclosure requirements because of affiliation to DRM and co., but given that Dream Office did not have to post the sale of DIR that funded the SIB on SEDI, it would appear Dream Office no longer needs to disclose sales as it owns less than 10%. I thought I would just share my thoughts. That said, if Dream Office had sold DIR between July 1 and August 2, this would need to have been mentioned in the subsequent events of the financials - there was no such mention. Therefore I see no reason to believe we have or haven't sold since August 2. We are owners, but we do not run the business, we should trust Cooper to do what is best for the business - if you can't do that, I don't know why you're here. Personally, I like the added industrial exposure, and I believe everyone here should rest a little easier knowing this is available should Dream Office need liquidity in a worst case scenario (which we are very, very far from given debt is fixed/hedged and maturities are incredibly manageable for the foreseeable future). Cheers.
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