RE:More IndustrialNot a fan of iindustrial.
It's a hot sector right now, but I view industrial as tenants seeking large land areas at low rents, with less sensitivity to location. There is a lot of land everywhere accessible near highways. Supply might catch demand and cap rates resemble U.S. ones (+/- 2% higher) with commesurate effect on values.
Many REITS seem to be developping industrial, at a time that is possibly peak cap rates and perhaps demand for the sector. Multi Family might, or might not, be similar.
The negative ephemereal feeling I have with HR.UN is that they seem to chase the latest RE fad, with a follow the herd type of mentality chasing after whatever is hot and popular at the current time.
I am long HR.UN despite the above comments. They have their strong points already mentioned by other posters.