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

To: Madharry who wrote (65578)	12/4/2020 10:25:32 AM
From: E_K_S	Read Replies (1) \| Respond to of 78782

Started position in CTO another REIT that Paul Senior has been accumulating since early 2019. CTO also owns 19% of Alpine (PINE) in the PINE IPO (I believe they 1031 exchanged properties for IPO shares). CTO been buying new properties w/ 7.6% cap rates and selling some others w/ lower cap rates 5.4%. As Paul Sr. mentioned, selling land assets and transition to net-net lease properties. Here is a list of their current properties: CTO INCOME PROPERTIES PORTFOLIO I do like properties in growth States like FL, AZ and TX among others. Also, some anchor tenants include Aldi's similar to UBP's tenants.