Marwest Apartment Real Estate Investment Trust V.MAR.UN

Marwest Apartment Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT is formed to provide unitholders with the opportunity to invest in the Canadian multi-family rental sector through the ownership of income-producing properties, with an initial focus on stable markets throughout Western Canada. The REIT properties include Element, Prairie View Pointe, Brio Brownstones and Kenwood Court. Element Townhomes include 112 multi-family units in Transcona. Element offers a resident clubhouse and is in close proximity to numerous shopping, dining and entertainment options within the neighborhood. Prairie View Pointe is located in North Winnipeg, with immediate access to the Perimeter Highway. Kenwood Court is located on the desirable South St. Vital neighborhood. Kenwood Court is surrounded by comfort, greenery, and riverside walkways. Brio Brownstones property includes approximately 148 units and luxurious clubhouse.

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Marwest Apartment Real Estate Investment Trust

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Post by Stevesackon Jan 03, 2024 10:41am

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Post# 35808650

REIT’S ARE NOW A BUY

Now that interest rates are starting to level and probably go down in the next year, REIT's are becoming a very attractive buy going forward. MAR.UN is basically in it's infancy as far as REIT's go. I view this as a great entry point for a well run and managed company. A distribution increase is likely as the net profit is up in each of last few quarters leaving the company with a solid cash position to take advantage of another property purchase in the near future. Long and strong

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