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

To: Paul Senior who wrote (53419)	9/3/2014 2:18:53 PM
From: Grommit	1 Recommendation Recommended By geoffrey Wren Read Replies (1) \| Respond to of 78683

ARCP. I'll buy ARCP now. Their organization is simplified with the sale of Cole. And it sounds like Portney wanted to buy at any price. ARCP looks more reasonable now. For the Portnoys, the deal should help heal the wound from losing CommonWealth. In Marc...But the Cole deal also revisits one of the main issues in the fight over CommonWealth: governance of REITs. CommonWealth's shares had traded at a discount in part because the company was managed externally by the Portnoys' company, Reit Management & Research, rather than hiring its own management team...: "There appears to be no upside potential in the Cole portfolio…The impetus from this transaction appears to be increasing size, which also increases fees to [Reit Management & Research]." CLICK CHART PS -- Sold my short term GOV, and will sell my LT GOV as I soon as I can manage the cap gains. In addition to managing GOV, RMR also manages Hospitality Properties Trust (HPT), a publicly traded REIT that owns hotels and travel centers, Senior Housing Properties Trust (SNH), a publicly traded REIT that primarily owns healthcare properties and Select Income REIT (SIR), a publicly traded REIT that is focused on owning and investing in net leased, single tenant properties...