This will just be a short update to my latest portfolio additions. This morning, I bought 10,000 shares of Ascott Reit at a price of $1.065. This is following their recent placement exercise after announcing their recent latest acquisitions of property in New York for USD 158 million (SGD 218 million). The property acquired is the 369 unit Sheraton Tribeca New York Hotel located in Manhattan, with an occupancy of more than 90% in the previous year. The acquisition is expected to be accretive and yield an EBITDA of 6.8%. Pro-forma DPU is also expected to increase from 7.99 cents to 8.11 cents following the placement exercise, which represents a 7.6% yield based on my entry price. Readers of my blog would have remembered that I used to own this counter and managed to sell the same last year at $1.31 (link here......