02-21-2020, 01:30 AM
I'm pretty sure we have some REIT threads, but I couldn't find a recent one. And they are pretty varied regarding the types of REITs.
So here is a thread specifically for REITs that are focused on residential buildings.
Northview has been my darling for years but they just announced that they are being bought out. There is some hope that we can invest into them in the future in the form of the following:
"Unitholders will be able to elect to receive 100% of the Offer Price in the form of cash (the “All-Cash Consideration”). Alternatively, unitholders may elect to receive all or a portion of the Offer Price in units of a new, multi-residential fund that would own a geographically diverse portfolio of Northview properties located in six Canadian provinces and two territories (the “High Yield Fund”). The High Yield Fund will apply to list its units on a Canadian securities exchange (the “Exchange”) concurrently with the close of the Transaction."
But I think this is a good time to evaluate my options. Definitely looking for something that has a high percentage in residential buildings, yield should be 4%+ and monthly distributions would be awesome but of course not mandatory. Location doesn't matter as long as it's not Africa or Middle east.
Any ideas?
I'll be researching this in the coming weeks so I'll post back with my findings.
So here is a thread specifically for REITs that are focused on residential buildings.
Northview has been my darling for years but they just announced that they are being bought out. There is some hope that we can invest into them in the future in the form of the following:
"Unitholders will be able to elect to receive 100% of the Offer Price in the form of cash (the “All-Cash Consideration”). Alternatively, unitholders may elect to receive all or a portion of the Offer Price in units of a new, multi-residential fund that would own a geographically diverse portfolio of Northview properties located in six Canadian provinces and two territories (the “High Yield Fund”). The High Yield Fund will apply to list its units on a Canadian securities exchange (the “Exchange”) concurrently with the close of the Transaction."
But I think this is a good time to evaluate my options. Definitely looking for something that has a high percentage in residential buildings, yield should be 4%+ and monthly distributions would be awesome but of course not mandatory. Location doesn't matter as long as it's not Africa or Middle east.
Any ideas?
I'll be researching this in the coming weeks so I'll post back with my findings.