I was having dinner with my wife yesterday, and the conversation drifted to the shifting of her office to a new location – her boss is currently sourcing for a bigger place. Well, one can never guess when precious little nuggets of information will fall into your lap!

A Tale Of Different REITs

Her present office is in an industrial building managed by a REIT. Let’s call it A*REIT (I’ll leave it to you to guess which one), and she commented that many tenants have shifted out since the end of 2015, and the empty units are not filling up with new tenants. A sign of times, perhaps? Her boss visited three separate units. The first unit had everything they wanted, in terms of price, location and size etc. Not sure if it is a REIT-owned building, but the manager they spoke too was too inflexible with regards to certain terms and conditions ......