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Sun Residential Real Estate Investment Trust V.SRES

Sun Residential Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust. The Trust is focused on acquiring multifamily residential real estate assets in the Sunbelt region of the United States, where it owns controlling interest in a 288-unit multifamily residential property in Tallahassee, Florida. The Company's subsidiaries consist of SunResREIT US Inc., Sun Tudor, LLC, Sun Tudor, LP, and 51%-owned Westdale Evergreen Southwood, LLC.


TSXV:SRES - Post by User

Post by cgytraderon May 31, 2021 1:24pm
241 Views
Post# 33296659

Anyone Following?

Anyone Following?Hello,

I've recently acquired a small position (37K units) but am curious if anyone follows this board. I've reviewed the last few financial statements and MD&A and seems like things are moving in the right direction. 

Net income each quarter since acquiring the property, mortgage is interest only I think for a number of years so should help them solidify some cash-flow and a balance before the debt is due. 

Curious if anyone else has any thoughts. 
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