European Residential REIT

Down 4% today. He doesn't know this very well. Overall, apartments have been doing well in Europe. ERE issued securities today, and that always pushes a stock/REIT down 2-3% which explains today's drop.

A way to invest in Europe, though it's a Canadian REIT. Buy this.

He's looking at it. Has a $5 target. He likes it for giving cash flow outside Canada, a hedge for the CAD. In this sector, there was rapid growth but now consolidation.

He likes it. It is sponsored by CAP REIT. They are transferring that kind of management to the Netherlands. It is also a very regulated market. Their market is one of the most densely populated countries globally. There is no new supply in the market. They turn regulated apartments into unregulated apartments. It is a high margin business.

In the Netherlands, where there's a shortage of housing. Secure growth profile. Attractive valuation. Extremely attractive opportunity. Yield is 3.19%. (Analysts’ price target is $5.10)