Bought more After reviewing the financials, I calculate the implied cap rate at 21.12 (my purchase price) to be 8.12%... furthermore, Allied is well capitalized with debt extending out 9 years, with an average interest rate *sub* 3% (once they use proceeds to pay off credit facilities). We have sold off our lowest NOI properties at above IFRS values at ~4% cap rates. The yield exceeds my most expensive tranche of debt and the yield is safe as per my calculations - safer as developments and redevelopments come online. I'm here for the ridiculous cash flow, asset quality, and impressive development/intensification pipeline (already financed for the next couple years thru UDC sale). Cheers.