I'm kind of getting disgusted with their offering more shares. I wouldn't mind it so much if the new revenue was going to be used for acquisitions. Instead it's going to be used to just pay off debt. I'm seriously considering bailing when the price goes up again!
I'm confused -- the debt is used to acquire property. The distributions are substantially higher than many reits. I've made more $ trading snh than from distributions-- buy under $21 and sell above $22. Secondaries are very typical for reits that pay out a very large portion of funds from operations-- and want to grow the portfolio of properties to obtain some scale to their management costs.
Predicting the timimg of secondaries is difficult at best.