Parkbridge Lifestyle Community (PRK.TO)

(A Top Pick July 29/10. Up 42.12%.) Acquired Jan 12/11.

(Top Pick Jul 28/10, Up 40%) Take-over offer. Validates what he has been saying that this is an asset class that is not fully understood. He is deliberating as to what path he might take to effect better results. Thinks the price is too low.

Land lease communities where you buy a prefabricated factory house and put it on their land. They charge you rent, operating costs and realty taxes. 2.9% yield. Sees it trading at 30% discount to its NAV. He is looking for capital gains.

(A Top Pick May 25/05. Up 3%.) Worth holding.

The right company for the summer months because lifestyle with this company generally means by the lakes. Very well run. Not well known.