RE:RE:5 year potentialLong term is no question the strength and growth in Residential. Soon with write ups, and retail asset sales, residential will be over 50% of the holdings. Both long term, and short term, have great catalysts. The market will price it in, and likely a good chunk of it soon. Buybacks have us spring loaded for the next jump. Crazy we still have sellers at this price. Let them flake out. It's not a ride I'm going to miss out on.
Mephistopheles3 wrote: One thing to keep in mind with regards to long-term share buybacks like what's happening now is that most of the proceeds that will come from selling the retail/office assets are tagged towards going towards future develoments in the residential Lantower segment, it's not 100% all going towards share buybacks.
The Cove development out in New Jersey is going to cost something like $3 billion total and H&R is a 50% partner. The project looks great and many of their assets out in Texas and in the Sunbelt have huge potential. While I'm happy with shares being purchased back at a discount, let's not forget about the development potential and future growth of the company as well. That's how we make good returns for years to come.