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The question was on both Granite REIT and Cap REIT. They are both very different companies and he likes them both. Granite REIT is in the industrial warehouse sector in Canada, the U.S. and Europe, which he's bullish on. It has good management and trades at a good discount to NAV. Cap REIT is in the multi-family sector with great assets, exposure to Ontario and Toronto and good management. There is an overhang re apartment rents which are under government discussion. There are a number of bad owners in the news but this does not apply to REIT's
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