OTCPK:SMMCF - Post Discussion
Post by
DanielDarden123 on May 02, 2019 1:54pm
CIBC
Relative to previous internalizations, it appears Summit Industrial’s proposed internalization is in line on a trailing twelve-month total fee basis (~6.9x price to TTM) that includes ~$5.5 million in acquisition fees. This would place the SMU proposal near the mid-point of previous transactions involving the internalization of asset management contracts and/or property management contracts.
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