I get asked from time to time why I invest in First REIT and not Parkway Life REIT? Actually, more accurately, people should ask why did I invest in First REIT and not Parkway Life REIT? Yes, asking when a decision was made matters. When I was deciding between First REIT and Parkway Life REIT, the choice was a much simpler one. First REIT was trading at a big discount to NAV and its distribution yield was much higher compared to Parkway Life REIT. Money should go to where it is treated best, I told myself then. So, if you guess my entry prices were very low, you are right. Actually, no need to guess because I have blogged about this before. As First REIT's unit price has been declining, many readers have asked me if it is a good time to buy more. My response was rather predictable ......