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I have more than a handful of relatively small investments (i.e. anything smaller than $100,000 and usually smaller than $50,000 in size).
Some of them are legacy investments (i.e. leftovers from many years ago after selling off most of the investments) and ESR-REIT (formerly Cambridge Industrial Trust) was one of them.
The last time I blogged about this REIT was in June 2016.
Back then, I added to my investment in the REIT at 52.5 cents a piece.
After adding to my investment, still, it remained a smallish investment and I explained why in related post #1 at the end of this blog.
Well, I have decided to let go of my investment in the REIT.
Why?
Regular readers know that I have concerns about VIVA Industrial REIT. See related post #2 at the end of this blog.
I am uncomfortable that ESR-REIT and VIVA Industrial REIT are talking about merging.
I have enjoyed many years of income distributions and I will also enjoy a capital gain from the divestment.
So, everything taken into consideration, it is not a bad outcome.
This reminds me of the time when I let go of K-Green Trust (KGT) in 2014 when it was decided that they would merge with CitySpring Infrastructure Trust.
I didn't like CitySpring.
What to do?
I cut KGT loose. See related post #3 at the end of this blog.
With this move, my total investment in REITs shrinks again and, everything else being equal, so will the income distributions I will be receiving from REITs this year.
Read:
ESR-REIT and VIVA in merger talks.
Related posts:
1. Cambridge Industrial Trust (June 2016).
2. VIVA Industrial REIT's short land leases.
3. KGT and CitySprings' unequal marriage.
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