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(17-04-2025, 04:39 PM)specuvestor Wrote: wow they just bought in 2017
https://plifereit.listedcompany.com/news...R06Z.1.pdf
hi specuvestor,
Considering the fact that of the 5 assets, only 2 defaulted and it came after >5years, I would think it is more in the ordinary course of events than anything else. This Jap acquisition is relatively small and "diversified" across 3 operators and 3 geographies with a total of 5 assets. On hindsight, someone could also argue that "our prudent diversification" worked
In all, I think this is much better than let's say the 2 DC REITs having their master lessee and a major customer comprising >20% of rental going bust just within a few years after the transaction.