Posts
"In the areas affected by the earthquake and tsunami, all 6 properties in Morioka and Koriyama, and 21 out of 22 properties in Sendai have been viewed by the property managers thus far, and preliminary reports have confirmed that these properties appear to have sustained only minor damage and to have remained intact.
"To-date, we have not received any reports of tenant casualties, and none of the properties viewed appear to have been vacated.
"The remaining property yet to be viewed by the property manager due to transportation contraints is Royal Hills Katagiri, belonging to the TK operator YK Shingen."
 |
| Royal Hills Katagiri |
Read announcement here.
Please read this:
Help Japan and donate generously.
Bloggy Award
4 comments:
I was inspired to google around to try to find the exact location of Royal Hills Katagiri (ローヤルヒルズ片桐 in Japanese - I know a bit).
If 38.27817, 140.98391 is correct, then prospects are not good. It is only about 2km from the Sendai-Shiogama port.
Still, it is only a small part of the overall portfolio.
Hi Data,
Thanks for sharing this. Then, it could be as good as gone.
I have gone to Saizen REIT's website for a picture of the building. I have just put it up in this blog post to share with everyone.
Does the property look to be at least 10m tall?
Hi AK
Not sure where to ask, but I would like to know your view on ASTI and Courage marine ?
Hi ortho,
I have a small investment in both ASTI and Courage Marine.
The turnaround story for ASTI has probably been badly impacted by the disaster in Japan. Whether this is just sentiments or fundamentals needs time to tell. The company's balance sheet is however stronger than it was in the last financial crisis.
Courage Marine is debt free and conservative with a savvy management but the bulk carrier business is really tough and likely to get tougher with the BDI in a slum.
To sell these two counters into strength if the opportunity presents itself could be a good idea. :)
Post a Comment