“...IStar Financial will receive about $425 million from the deal...”
Can you say secure 15%+ dividend? Here is a wonderful example of the positive surprises you often get with low Price/Cash Flow holdings. Five of the top NRO holdings fall into this category. I hope NRO management continues to take advantage of the opportunities available to recycle capital into the lowest 20% Price/Cash Flow REITs. I would not be surprised to see more similar developments in the near future.
Nice homerun!!! Keep up the good work Neuberger Berman (Steven R. Brown). I told you this guy rocks ;)