bear9’s Activity

Thu Jul 2

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 2:25 PM

Re: Brad Thomas on GPT/CSG merge...

Another article claiming that CSG shareholders are getting shafted:

[more]

Wed Jul 1

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 7:48 PM

Re: CSG and GPT to merge

Well, it appears that I got spanked for my investment in this small REIT (CSG). Although the deal is structured as if CSG is buying GPT, it is pretty much the other way around. CSG sold for a hell of a discount (around $7.30 according to reports, [more]

NL

Boards Post

bear9 posted to the Real Estate Inv. Trusts: REITs board. 9:48 AM

CSG and GPT to merge

The current GPT leadership will run the combined REIT and it will retain the Gramercy name. It is sort of complicated and I haven'd digested it yet. The market hates it however -- both stocks are down significantly.

[more]

Wed Jun 24

NL

Boards Post

bear9 posted to the Real Estate Inv. Trusts: REITs board. 9:28 PM

CSG: Someone Knows Something

When the first news report on a possible sale of Chambers Street Properties (CSG) appeared, it zoomed from 7.65 to 8.15. Despite intense volume, it has been nailed at 8.15 without varying more than a penny in any day. Either there is remarkable [more]

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 8:23 PM

Re: Home Properties Acquired

I meant to add that I now have the challenge of reinvesting the proceeds from my Home investment. I have already purchased some STAG. However, I will really be perusing the list of small-caps people kindly posted recently.

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 8:21 PM

Re: Home Properties Acquired

My prescience made me a grand total of $188, i.e., the profit on a speculative purchase of 100 shares. I don't see another suitor entering during the 30-day "go-shop" period, so the price could ultimately drop from here as disappointed [more]

Mon Jun 22

NL

Boards Post

bear9 posted to the Real Estate Inv. Trusts: REITs board. 10:42 AM

Home Properties Acquired

As rumored in the media two months ago, Home (HME) is going to be acquired. The price is actually modestly below the high achieved slightly after the rumours first appeared. There is a go-shop provision that allows Home to seek higher offers, so the [more]

Fri Jun 19

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 8:30 AM

Re: Little REITs

Point well taken. I ended up with too much CSG because I didn't need the income immediately and I let it compound monthly through dividend reinvestment. I have since redirected the dividends to cash.

I always check mutual fund ownership. [more]

Wed Jun 17

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 6:25 PM

Re: Little REITs

Ncgpa, I hear you on the perils of small REITs. My first REIT investment was in Pennsylvania REIT, a very small, high-yielding REIT, about 20 years ago. I was a total yield hog and got burned for my ignorance. I learned from Ralph about the [more]

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 6:13 PM

Re: Little REITs

TMFWysocki, I think GPT has been discussed before on this board. It was once a lousy mortgage REIT that decided to become an equity REIT. The perils associated with this scared me off. But it appears that the transition is over, so maybe it is worth [more]

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 6:00 PM

Re: Little REITs

Jaroman, regarding STAG, I forgot, I actually did own it at one time, but that was before it got its investment grade rating from Fitch.

[more]

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 12:38 PM

Re: Little REITs

I have looked at both DOC and STAG. I have not heard of APTS or NSA. If CSG is bought out, as I expect, I will be on the hunt. Thank you for these suggestions!

bear9

Tue Jun 16

NL

Boards Post

bear9 posted to the Real Estate Inv. Trusts: REITs board. 8:44 PM

Little REITs

There doesn't seem to be a lot of interest in little REITs on this board. All the discussion seems to be about large cap REITs. But it seems that there is money to be made in small REITs if proper attention is paid to their specific [more]

Wed Jun 10

NL

Boards Post

bear9 posted to the Real Estate Inv. Trusts: REITs board. 2:07 PM

Chambers Street takeover?

Rumor has it that Chambers Street Properties (CSG) -- a formerly private REIT that dropped like a stone after going public about 18 months ago (IIRC) -- has a bid and is up about 6.5% today. It went public at about $9.50 and was recently bouncing [more]

Wed May 13

NL

Boards Post

bear9 posted to the Real Estate Inv. Trusts: REITs board. 8:52 AM

Prologis Article

This WSJ article pretty much sums up the reason I am bullish on PLD.

[more]

Thu May 7

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 10:43 AM

Re: Home Properties Buyout?

HME continues to soar, hitting a new high again today. Yesterday, it was the only REIT that I watch that went up -- over 2 percent on twice normal volume -- while all the others I watch were down.

Tue Apr 28

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 11:24 AM

Re: Home Properties Buyout?

That's always the dilemma, isn't it? But I have observed that once a company is rumored for a bid, the market considers it to be in play and it tends to keep some of the buyout "premium" even if the rumor doesn't immediately pan out. [more]

Mon Apr 27

NL

Boards Post

bear9 posted to the Real Estate Inv. Trusts: REITs board. 10:35 PM

Home Properties Buyout?

A rumor hit the wires this morning that a private equity firm is looking at buying HME. For some reason, I can't find the link now, but this rumor is undoubtedly the reason for the 8 percent spike today.

I recently (and modestly) boosted my [more]

Wed Apr 22

NL

Boards Post

bear9 replied to the Real Estate Inv. Trusts: REITs board. 9:21 PM

Re: A Personal Note

Dude, you made my retirement.

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75190
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to bear9’s CAPS page

Boards Stats & Trivia

Three stars, 500 posts Old School Fool
Board Posts 626
Recs Received 1406
People who have rec'd these posts 237
Recs to Posts Ratio (last 30 days) N/A
Threads Started 122
Threads Started Percentage 19.49 %
Most Frequent Board Real Estate Inv. Trusts: REITs
Very First Post Why EMC (4/11/1997)
Percentage of Posts Rec'd 65.34 %
Show bear9’s 10 Latest Posts