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 > Another good question to ask

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Comment by Frankie10on Sep 12, 2023 3:20pm

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Post# 35632208

RE:RE:Another good question to ask

Go-private deal?

If DRM were to acquire Dream Office at a bid of $20, would *enough* unitholders accept?

It would be a great chess move by Cooper. However, it would not be good for long-time unitholders who have watched their wealth dissolve, only to then be acquired for far below what they originally paid for the stock.

Hopefully unitholders put up a fight - all I hear is the properties are irreplaceable, the location, location, location... yet, based on the current unit price, nobody seems to want to buy!

My thoughts: I think Allied is the far superior office REIT, with far superior balance sheet, and development pipeline. Allied is a cash flow machine, while Dream bleeds cash.

MTLfinecity wrote: Yah, all the buying has stopped and no buyback. My gut feeling is that some sort of deal might be announced soon.

SNAKEYBOY wrote: DAM was buying 5k a day around $13 for 6 days. Why have they stopped? What was the point of putting $400k back in