Dream Industrial Real Estate Investment Trust T.DIR.UN

RE:RE:Acquisition of SMU by DIR

[maypeters]

SargeX wrote: Hey CSC

I will admit that this looks like a sweet deal for DIR. I suspect GIC included them to have a better chance of getting approval with having a Canadian partner. I'm also very pleased that they aren't going to issue any new equity.

Ciao
  Sarge

I think GIC also needs an asset manager locally as this is their first foray into Canadian real estate. Paul has mentioned that they plan to do more JV work together in Canada so they may gobble up some more private or piublic REITs thought not much available apart from the two that CSC already has ..  Nexus and PRV (though the ceiling and warehousese are maybe a different and a step down that what SMU and DIR currently have ..  Nexus is trying its best to improve their assets ..

for those who remember what DIR used to own when they started. . used too look like run down small industrial units and they really upgraded from there by selling those off and buying quality stuff .. . 

I think Blackstone buys Tricon or BSR REIT before it goes after DIR