TSX:SOT.DB - Post by User
Post by
theinvestor22on Nov 04, 2022 9:50am
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Post# 35072707
Chicago acq
Chicago acqDepite the company's well known issues, it does appear that the Chicago acq was a really sweet one. A good building with a quality tenant and a good lease at a very good cap rate even with the vacancy. When that's filled - and it should get filled over time given the quality of the building - a cap rate in the mid teens is beyond peachy. A lot of folks will not give SOT.un any credit for anything positive (such is human nature), but in that particular instance a few kudos should be spread around.