TSX:REI.UN - Post by User
Comment by
CANCDNon Apr 12, 2021 10:47pm
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Post# 32983040
RE:Covid I inside
RE:Covid I inside $10+.7B IN TOTAL ASSETS
$13.5B REIT “PROJECT 512”:
TRANSFORMATION PLAN
-FOCUSED INITIATIVES
APARTMENTS | CONDOS | TOWNS | SENIORS’ RESIDENCES
REIT SHARE
$7.9B
see the part REIT SHARE. That is SRU investment.
now the value created by that 7.9 b investment:
$3.2B to $3.6B potential value creation from the 284 intensification projects (REIT share $1.6B - $2.0B)
ohh what's that???? You mean the new value created is only 2 billion????? I thought you were making bank?
SRU IR are marketing geniuses. Even their Twitter trumpets videos about 13 billion investment and then in tiny words says that smartcentrws actually only owns about 50% mostly skewed toward self storage and nursing homes. penguin and Mitch take care of the condos for the quick cash.