Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:RE:RE:Strange days …!!!

[EstevanOutsider]

my instinct for a while has been to avoid residential reits. i have caught the minto move twice in the last two years and made around 30% on both opportunities but recently we sold minto around $17 to run it into riocan which is enjoy record leasing spreads without any new builds or political pressure.

as for the budget, housing has become a hot issue. record leasing spreads on residential apartments is something that all levels of government do not want to see. it's a huge voting issue now. i just prefer to avoid the hot potatoe. i've been buying dream unlimited lately because they have a large pipeline of esg/low income components to their pipeline + will receive incentives to develop lots imho.

residential ops like minto and capreit will probably continue to do well, but i just don't think the gravy train will last. current leasing spreads in residential are like oil companies celebrating openly $120 oil despite consumer suffering. perhaps not their fault but people think it is, hence, it's a voting issue and we've seen things like windfull taxes applied to satisfy voters.

those risks genreally don't apply in CRE, hence, i prefer it, as well as the fact there is little for new deevlopments despite a surging population/increased density/zoning potential as a hidden catalyst.