• undercrust@lemmy.ca
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    27 days ago

    DREAM Unlimited (DRM-T) is the company in question (Dundee Real Estate Asset Management). They are the head corporation that provides management services under MSA contracts to their sub-advised companies, DREAM Industrial REIT (DIR.un-T), DREAM Office REIT (D.un-T), and probably the actual company in question, DREAM Residential REIT (DRR.un).

    There are many, many REITs (real estate investment trusts) in Canada, public and private, and what makes them a fairly good investment is that they absolutely relentlessly fuck the renter class. They need to be banned or have returns regulated, like utility companies.

      • pipsqueak1984@lemmy.ca
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        26 days ago

        Why bring Galeb Weston into this, lots of middle class people are invested into REITs. My best friend talks about his investment in them all the time. Hell, there’s a half decent chance my RRSP and my kids RESPs are invested in REITs as part of the broader fund they are part of.

        • Jakeroxs@sh.itjust.works
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          26 days ago

          That doesn’t make it good for society lmfao.

          The 2008 Stock Market crash is a good lesson in this, they bundled subprime loans and turned them into securities which made it into mutual funds, pension funds and generally securities held by corporations.