Dream Office Real Estate Investment Trust T.D.UN

Alternate Symbol(s): DRETF

Dream Office Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust. The Trust owns central business district office properties in various urban centers across Canada, with a focus on downtown Toronto. The Trust owns and manages 3.5 million square feet of office land in downtown Toronto. Its objectives include managing its business and assets to provide both yield and growth over the longer term. Its properties are located across Adelaide Place, Toronto; 30 Adelaide Street East, Toronto; 438 University Avenue, Toronto; 655 Bay Street, Toronto; 74 Victoria Street/137 Yonge Street, Toronto; 36 Toronto Street, Toronto; 330 Bay Street, Toronto; 20 Toronto Street/33 Victoria Street, Toronto; 250 Dundas Street West, Toronto; 80 Richmond Street West, Toronto; 425 Bloor Street East, Toronto; 212 King Street West, Toronto; 357 Bay Street, Toronto; 360 Bay Street, Toronto; 350 Bay Street, Toronto; 56 Temperance Street, Toronto; and 6 Adelaide Street East, Toronto.

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Dream Office Real Estate Investment Trust > H&R Q4 call noted valuations on buildable residential

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Post by EstevanOutsideron Feb 18, 2024 2:12am

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Post# 35886421

H&R Q4 call noted valuations on buildable residential

H&R Q4 2024 comments:

"It's Matt Kingston. I think, we believe that the value in the GTA are down about 40% to 50% depending on the site. The most recent trade we can point to is First Capital and Woodbourne consummated on a deal at 1071 King West, which is around 200 to 210 a foot. I think that's a pretty premium price. So I think realistically downtown transit oriented site are probably mid to high one. So somewhere between 150 and 200 foot I think is realistic depending on how good the site is."

dream office q3 comments:

In addition, we have 3.3 million square feet of residential density zoned at our share with a carrying value of about $80 per square foot.