Andy Nasr
TransGlobe Apartment REIT
TGA.UN-T
BUY
Aug 23, 2011
Likes it. Just started buying. The apartment sector is somewhat defensive because if the economy goes down, demand for low rent housing increases. 3% increase allowed next year.
National apartment landlord trading at around $12 and is worth about $12.50-$13. Good management. If you are comfortable with an 8% all in total return you can find here, but he would wait for a little bit of a pullback.