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

RE:RE:RE:RE:Sale of 10 Lower Spadina office building

[rad10]

InvestSmarter wrote: My thoughts exactly. Why buy more office at 40% off when you can still find high quality residential rental REITs at the same (and with MPCT even larger) discount. The discount in residential won't last long and will likely outperform office in the near and mid term.

Artis has too much office (which is growing as a % of AX due to all the industrial sales), let's not add more office. Let's buy some highly discounted residential please. 

mikoola72 wrote: As a unit holder of MPCT.UN as well as Artis I had the same thoughts about Artis adding more residential real estate especially trading at a significant discount to NAV...MPCT.UN has had its own struggles during the high rate cycle and suspended the distribution to preserve capital but it looks like they are turning the corner..would love to see Samir pounce on opportunities especially when they are still on sale..heck on clearance..DRM is a big unit holder and the external manager so Samir could scoop up great assets at a significant discount and end the external management overhang and still have money left over...one can only dream (pardon the pun). I would rather see Artis by residential at a deep discount then office at a deep discount..I just think residential REIT valuations will recover quicker and the "street" seems to attach higher multiples..not sure what the end game is perusing Dream Office..just my thoughts..GLTA.

 

this!

the open market dream purchases are off putting - smacks of a lack of focus.

Good to hear recent sale proceeds going towards debt reduction.