Happy New Year! Thanks for the info. From your suggestion, I found the answer. In re-listening to the conference call, I heard the same store sale numbers were less on the TCR portfolio than the CLP portfolio on properties in the same area. They said they are ahead of projectios but wouldn't it make sense to project a higher % on TCR managed properties as opposed to our own? Does this mean TCR was a better manager? Am I looking at this incorrectly?
I think that mgmt was being conservative in their estimates for TCR props. TCR was way under managed. Since CLP took over TCR props are increasing in occupancy. Keep in mind that CLP has sold off the junk that was in the TCR portfolio at a very nice profit. As to the percentages I agree the % of TCR props should be higher and I think they will but I can only think of ALL of the props as being CLPs. After all we own them.