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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (8984)	11/18/1999 12:44:00 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78624

Wallace, you state a valid concern. That's why I would (and do) diversify among regions as well as between commercial and apartment. These reits all make me suspicious. Been in too many situations where things go okay for a long time -- good/very good div. $ year after year, not much stock volatility -- then something happens and suddenly, the cumulative dividends are essentially wiped out as the stock is halved or quartered or worse. I've just extracted myself from a health care REIT which provided me with such performance. I found ARI by happenstance. I can't say it's the best REIT value out there, or the best commercial reit or even the best S. Calif. reit. Since this r.e. is so location specific, I can't readily compare it with other "similar" reits - say, BXP (Boston) or SLG (NYC). Anyway, I follow ARI, and I like it at current price. I'm also a fan of Mills (MLS), a "destination" outlet mall. I believe I'm the only one on the thread who's said he owns it. (Chelsea (CCG) seemed to be the clear thread favorite within this particular segment.)