Music to my ears One of my favorite REIT (Siazen Reit) has announced on 30th Oct 2015, that  they have accepted the offer for Triangle TMK to buy over their entire Reit’s portfolio at S$517.3 million. You can read the official announcement here. This offer price translate to a 3.4% premium to the appraised value of the properties. Which is not not very high, but reasonable. But the best part of the story is that since their trading price has always been below NAV, the estimated net offer price of S$1.17 per unit, translate to a whopping 36.9% premium above the closing price of S$0.855 on 22nd Oct! Personally, I have invested in this counter since late 2013 at about $0.858 per share and have been getting about 7.5% of dividend yield every year. So this exit works out very well for me. Why ......