all,
International Properties Group Ltd -
NP says Anthem Real Estate, others see their stocks rise
International Properties Group Ltd
IPX
Shares issued 33,352,562
1999-06-08 close $1.1
Wednesday Jun 9 1999
See TrizecHahn Corp (TZH) In the News
The National Post reports in its Wednesday edition that, for almost a year, top
executives at giant real estate companies such as TrizecHahn Corp. and Cadillac
Fairview Corp. have lamented the unwillingness of the market to pay attention to
their stories. "The capital markets just don't like real estate these days," says Eric
Carlson, president of Anthem Properties in Vancouver. "And in particular, they
hate small-cap real estate companies." But, though thinly traded and the subject of
infrequent conversation on Bay Street, Anthem and International Properties Group
are two of several small-cap real estate firms whose stock prices have been
climbing recently. Another is Acanthus Real Estate Corp. For companies like
these, and numerous other that have gone public in the past three years, the
example of Boardwalk Equities Inc. stands out as a shining example of what might
be. Calgary-based Boardwalk has created a growing empire of high-quality
residential apartment buildings in Western Canada, and its shareholders saw stock
prices climb to almost $24 from $1 between 1995 and 1998.
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