RE:Strategic ReviewThere is definitely some work to be done to determine the path forward on this. I am also not a shareholder of Melcor REIT. I don't view REIT's as a business model that is set up to endure the test of time (including volatile business cycles).
There will be quite a bit more information coming in a few weeks on the REIT so I will prepare myself accordingly.
I am not quite as pessimistic as you regarding the properties but your point is well taken. Office REIT's don't have the appeal they once had!
One of the issues I have had with Melcor previously is that they were more focussed on acquisitions and building a bigger company than return on equity and return on invested capital.
My hope with Naomi in the CFO/COO role is that there will be significantly more fiscal discipline and a clear mandate regarding capital allocation.
Stay tuned for more and I look forward to conversing with you all on this matter.
LR