Price looks rich to me ... 2 times net tangible assetts....for a REIT tangible assetts are about all that they have. Many of the AML properties are older in need of rennovation. High p/e....what does the board think that MWD is doing? This just doesn't look like a fit nor an opportunistic acquisition.
Rather than be so condesending why don't you enlighten us on why AML is such a great acquisition? In my market, Dallas/Ft. Worth, the AML properties are older. If I've made a false assumption regarding their overall portfolio I apologize. I also realize that older is a relative term...DFW tends to have a quite active development community feeding the growth and as such properties built 7-10 years ago are considered older, which I'm sure is not the case in the more mature markets.