BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures T.HOM.DB.U

Alternate Symbol(s): T.HOM.UN | BSRTF

BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust (REIT). The principal business of the Company is to acquire and operate multi-family residential rental properties across the United States. The Company owns approximately 31 multifamily garden-style residential properties located across three bordering states in the Sunbelt region of the United States, which stretches across the South Atlantic and Southwest portions of the United States. The Company also owns one property under development in Austin, Texas. Its properties include Adley at Gleannloch Apartments, Alleia Long Meadow Farms Apartments, Ariza Plum Creek, Auberry at Twin Creeks, Aura Benbrook, Aura 36Hundred, Bluff Creek Apartments, Brandon Place Apartment Homes, Bridgeport Apartments, Cielo Apartment Living, Hangar 19, Lakeway Castle Hills, Markham Oaks Apartments, M at Lakeline, Overlook by the Park and others. It operates in Arkansas, Texas and Oklahoma.

TSX:HOM.DB.U - Post by User

BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures

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Post by retiredcfon Dec 20, 2020 2:29pm

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Post# 32149465

Assessment

HOM.UN recently repositioned assets from Beaumont, TX to Houston and Dallas. The acquistions are very new constructions so it lowers the average age of the portfolio. While not cheap, HOM.UN presents an intersting recovey opportunity in the US residential market. It has not raised its distribution but the POR is low, It is in growth mode and we think management are capable. Its size adds risk and it needs the co-operation of the economy, but otherwise it's a decent company.

So said 5iResearch last week. GLTA

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