Great article! Like the colour you give on the land holdings.
Was surprised with the acquisition of the reit as well. Not a bad price. Guess at current trading price there was no possibility to raise capital anyway at the reit level.
Thanks! Maybe MRD will no longer acquire commercial property outside of retail and services within its communities so the segment it will not need any significant capital. Or maybe MRD can find a private institutional capital partner for its stabilized commercial properties.
Great article! Thanks so much for taking the time to do the research and write this up. As a long time shareholder I read everything I can find about Melcor, but it's pretty under the radar!
I want to add that the management is really savvy. They were very focused in Alberta real estate, until 2009/2010 where they first got into US residential. And i don't think it is luck.
Great article! Like the colour you give on the land holdings.
Was surprised with the acquisition of the reit as well. Not a bad price. Guess at current trading price there was no possibility to raise capital anyway at the reit level.
Thanks! Maybe MRD will no longer acquire commercial property outside of retail and services within its communities so the segment it will not need any significant capital. Or maybe MRD can find a private institutional capital partner for its stabilized commercial properties.
Great article! Thanks so much for taking the time to do the research and write this up. As a long time shareholder I read everything I can find about Melcor, but it's pretty under the radar!
Good article.
MRD.to was on my research list and this was exactly what I was looking for.
NIce writeup.
I want to add that the management is really savvy. They were very focused in Alberta real estate, until 2009/2010 where they first got into US residential. And i don't think it is luck.