Charles DillinghamTransGlobe Apartment REITTGA.UN.TOTOP PICKOct 07, 2010
Apartments are one of the more conservative areas. These people took part of their portfolio and went public and will do a whole bunch more. It will be a dynamic process. Don't necessarily buy now but it's something to look at. 7.1% yield.
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.
Apartments. Have gone through some transition in the last year by internalizing management. Management is competent. Thinks the distribution is sustainable.
He is the largest unit holder on this name. Apartments, national portfolio. Did very good job of leasing up apartments they bought that had high vacancy rates.