(Top Pick Nov 30/09, Down 21.63%) Sold it after he did the top pick last year.

Shopping centers. Strategic relationship with Sobeys.

Clear leader in Quebec market place. Very strong management. Trades at a premium. Has owned it in the past.

You have to be cautious about focusing on yield. High yield is for a reason. Not the highest quality properties. He won’t own it.

Look at total return, don't focus on yield. Solid entity. Large cap. Strong in power centers. Largest shareholder brought Wal-Mart to Canada. Smart Centers. They are buying some development projects and thinks they are paying too much and he is evaluating that.

Arguably the highest quality in terms of assets in Canada. Majority of income is from US (40%), mostly in Manhattan. Exceptional management. Office markets. Thinks it is a good name. Owns the parent company. He is comfortable with the valuation

(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.