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BSR Real Estate Investment 5 00 convertible unsecured subordinated debentures T.HOM.DB.U

Alternate Symbol(s):  T.HOM.UN | BSRTF

BSR Real Estate Investment Trust is an internally managed, unincorporated, open-ended real estate investment trust (REIT). The principal business of the Company is to acquire and operate multi-family residential rental properties across the United States. The Company owns approximately 31 multifamily garden-style residential properties located across three bordering states in the Sunbelt region of the United States, which stretches across the South Atlantic and Southwest portions of the United States. The Company also owns one property under development in Austin, Texas. Its properties include Adley at Gleannloch Apartments, Alleia Long Meadow Farms Apartments, Ariza Plum Creek, Auberry at Twin Creeks, Aura Benbrook, Aura 36Hundred, Bluff Creek Apartments, Brandon Place Apartment Homes, Bridgeport Apartments, Cielo Apartment Living, Hangar 19, Lakeway Castle Hills, Markham Oaks Apartments, M at Lakeline, Overlook by the Park and others. It operates in Arkansas, Texas and Oklahoma.


TSX:HOM.DB.U - Post by User

Post by DanielDardenon Mar 24, 2024 1:15pm
72 Views
Post# 35949611

Mandatory Ownership

Mandatory OwnershipIt is not unusual for a Trustee to divest of units when leaving a Board. Many CO’s have mandatory ownership levels to sit on it’s Board and Mr. Labatte likely is doing some diversifying now that he is no longer on the Board. 

The value of of the assets has not changed by his selling and this probably provides an excellent opportunity to add to a position while some overreact.
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