RE:RE:Sienna smashing the $13 ceiling...I also see it potentially go much higher. Senior housing has been a hot commodity 20 years or more ago. These times may return, with main drivers, full occupancy, growth, and that costs off newbuild is much higher than few years ago. This needs to level out for new supply to come online.
In a way, you can say, buy buying the realestate in the reits, we bought 40% cheaper, than what it can be build for today. And thereby bought into a considerable inflation adjustment. Equilibrum, is on a much higher level. Maybee 16-18 CAD pr unit.