1. Look in today's Wall Street Journal -- article on REIT's on Property Report page -- hotels, and healthcare were among the top 3 REIT sectors last week i.t.o. market performance (outlet centers was the other, thanks to Warren B.). Diversified REIT's were among the poorest. Best to split Meditrust ASAP, IMO.
2. Nowhere does the proposal say anything about converting to a C-Corp. And if it does, we might be better off. HOT went up over 50% after it converted.
3. As for past mistakes, there is no point in saddling the present management with them. They have done an excellent job so far in selling assets, getting rid of the FEIT, and restoring liquidity. Expected FFO of $2.30 this year ($2.48 next year, assuming the same structure) will easily cover the dividend. As for the Bass's, one of my shares carries the same rights as one of their's. If they get value from their shares, so will I.
4. I plan to vote all 10,000 of my shares FOR the proposals, and I urge all others to do the same -- in their own best interest!