Immediately after the merger in 2005, the Company’s portfolio included 26 office properties totaling 11 million square feet and 14 land parcels. The portfolio was approximately 86% leased. #
Since the merger, 8 properties and 9 land parcels have been sold. #
Currently, the portfolio includes 18 office properties totaling 8.5 million square feet and 5 land parcels. The portfolio is approximately 87% leased as of September 30, 2008 and net operating income has increased since the merger in 2005.
Good question, my guess it was paid out to investors. I am not saying that there is no risk here. But at this price level, I just collect my dividend and hope the credit crises will get fixed soon. I think DRA advisers are good at what they do and hopefully can survive this.
Any information posted by anyone here about this security is appreciated.