Tuesday, May 09, 2006

Triple Net G REIT
I received an investor letter from the G REIT saying that investors had approved the liquidation of the REIT. As part of the letter investors are being notified that "we" (presumably the REIT management) have retained UBS Securities to act as the REIT's financial advisor and help it find a portfolio sale. An outright portfolio sale would be good for investors rather than sell the properties over a two year period. The letter states that "we" is still estimating a return per $10 original investment of $10.31 to $11.50 per share

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