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Senior Housing Properties (SNH) Message Board

  • larry2607 larry2607 Mar 22, 2012 9:58 AM Flag

    granny

    i guess china just kicked granny out of her condo

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    • It is amazing how some equity reits dive on foreign news.

      I remember last fall SUI got pounded on one of those "Greek default" days. It was like a huge portion of their tenants paid their land rent with Greek bonds.

      SUI rents house lots in manufactured housing commumities. They have about 45,000 tenants with an average stay of 19 years and the rent goes up a little more than inflation each year.
      The revenue base is like the Rock of Gibralter.

      Nevertheless, market lemmings are lemmings. They do what lemmings do, especially on the downside. I just buy these abberations for quick flips while my core position collects a nice, mostly tax deferred yield.

      Just like SNH, the demographs will support SUI for years and years to come.

 
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