RE:DIR unit liquidityA second SIB happening in the very near future probably means Artis/DAM are not done selling. That's not a good reason for having a second SIB from the perspective of every other unitholder. I don't think we have sufficient liquidity to justify a second SIB. I would like to see the DIR units used to pay down ~$200 million on our 2025 credit facility. This would provide us with a source of liquidity which could be used if necessary to pay debts, expenses, unitholder distributions, or even to fund a second SIB at a more appropriate time. I really do hope Cooper hasn't given up on Dream Office because I really do think he has done a lot of good work here.
SNAKEYBOY wrote: Would be a great lever to crystalize DIR fully now that its back at $14.20, and hopefully the rally takes us to $15. If D unloads all its almost 200 million in cash. Obviously Cooper is going to be the one to decide what is best use of that but it gives them some flexibility. An office owning an industrial reit is not really necessary especially when D.UN is at 0.35 of book value.