Original article via Globe and Mail.
Brice Scheschuk is a fan of investing in private real-estate securities. He likes that they don’t move in tandem with stock markets and can offer unique profit opportunities.
In his personal portfolio, he holds units in Central Condominium Real Estate Investment Trust, which owns 68 rental units in three downtown Toronto condo buildings. Helped by a hot housing market, the value of this private REIT has risen by about 40 per cent since its launch two years ago. It also pays a quarterly distribution.
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