TSX:REI.UN - Post by User
Post by
CANCDNon Oct 30, 2020 3:19pm
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Post# 31814406
You want residential rentals?
You want residential rentals? Here is the development pipeline that has cost estimates in place, in the works, or construction has started!
14 million NLA Residential Rental
1.6 million NLA Condos that will be sold off with money into bank
4.2 million new retail NLA
1 million of air rights being sold (this is much like condos which is cash in the pocket)
So is 14 million NLA NEW residential rentals that are in process enough for you? Covidinsideyou
Residential will be 25% of NLA of RioCan in 5 years from 1 % today.
Value to RioCan on the books today?... almost ZERO!