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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (7923)	2/25/2011 3:09:23 PM
From: Rattle_Shot	Read Replies (1) of 34328

Investors Real Estate Trust (IRET) is new to the portfolio. They are a small REIT located in the Midwest (Dakotas, Minnesota) and own apartment, medical office buildings and small strip malls. They use very little debt, usually finance purchases with cash and as an REIT distribute all income (and gains) to shareholders. In the past, almost 50% of their distributions were return of capital and in an IRA the adjustment to the cost basis does not matter. I am betting that their portfolio of real estate should increase in value (also rents) as their properties are located in the heart of the E&P Oil & NG shale region where Billions of new dollars are being spent. Not sure if this is accurate. A quick glance at thier website shows over 50% of investment property being in Minnesota. Minnesota is not part of the current oil boom. iret.com The investment property in North Dakota has no property in 2 of the 3 cities currently participating in the current oil boom, Williston & Dickinson. 24 of 49 properties are located in Minot. iret.com I have no opinion on the use of this security as an investment. i just wanted to research a little into a company so close to home. Rick

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