Quote:
Originally Posted by DonaldSmith
They just basically bought 400 condos.
Odd that Artis is building a residential building, as they don't really have any in their portfolio. I wonder if this is a diversification plan or a potential sale to a pension fund in the medium term.
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Yeah it does seem a bit odd. Also the numbers are tight. I did some napkin math and their cap rate will probably be quite low, unless they are also getting a big chunk of money from commercial leases in the podium.
Im sure they know what theyre doing though, after all; theyre the successful REIT and im just a keyboard warrior
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