(Top Pick Jul 02/15, Up 11.61%) He switched to names like Boston Properties. It is a good core holding, but he prefers other names in his global fund.

The number of people over 65 is going to double over the next 25 years. In 3 of the last 4 years, demand has exceeded supply. They have done a great job of sourcing and building their margins. Wait for a pullback.

He does not own it because although they have a lot of cash on the balance sheet, it was because of a divestiture. It looks like they are in a position to deploy the cash. He does not know what they are going to buy so he is waiting to see. He prefers CSH.UN-T.

He would be reluctant to put it in his portfolio given the competition and the decline in foot traffic in the US. The valuation and long term growth potential keeps him out of it. Prefers TJX-N.

It is tough to get comfortable with them because the Canadian consumer is so highly leveraged. He would prefer to own a bank.

It has tremendous long term growth potential. Even today’s valuation is not all that expensive. They do a god job of getting mobile advertising dollars. They have significant market share in the cloud.

Real estate outside of North America. It used to be the German Post Office. Management recognized single tenant concentration risk. They now have exposure elsewhere in Germany and other parts of Europe. The yield is attractive and sustainable.