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

Hobbit: Bilbo Dilemma

[Frankie10]

Samir is starring at the cash about to hit Artis' bank (if it hasn't already) and he's asking himself - after all, why shouldn't I... just buy Dream Office and run a SIB with the cash... and let rate cuts deal with the debt?

[DZtrader]

In the immortal words of Quick Draw McGraw...............................hooooooooold on there Baba Lewy!  I noted in a post awhile back that if ever there was a time to actually pull the trigger on some outside reits it likely would be now. At very minimum (and I am stating the obvious here) considerably better than when he did originally. Having said that, I still wouldn't favor it per

[babybunny]

Samir's recent letter to unitholders made clear he is champing at the bit to finally go on offense.     I think after a few hundred million more in dispositions, Artis will be in position to make a play for DREAM Office, perhaps in concert with Michael Cooper.  I hope Samir learned lessons from Cominar and will structure the next takeover more transparently and on more

[Frankie10]

I think we sell FCR, buy Dream (moves to equity accounted with Cominar), rates get cut, and Cominar sees further FMV revisions up and the deal optics look better. I see this as Samir's path to redemption and success. He seems like an honourable man. I wish him, us, and all stakeholders the best. And I trust he will execute on behalf of all of us.