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| BUY | 8.850 | Dennis Mitchell, CFA | Amica (ACC-T) or Leisureworld (LW-T)? Independent and assisted living. With this one, there is private pay so you can get greater rent increases. Have done a great job of growing free cash flow. Recently raised their dividend again. | 2012-02-14 | |
| HOLD | 7.800 | Jeffrey F. Olin | (Market Call Minute.) Seniors housing player. Well-managed. Good position. | 2011-12-21 | |
| TOP PICK | 7.700 | Dennis Mitchell, CFA | Very high-end senior’s housing. 15% discount to asset value. Raised dividend twice this year and still more room. Good rent growth. Management owns 20%. He added to portfolio very recently. | 2011-12-05 | |
| BUY | 6.980 | Charles Dillingham | Everyone thinks retirement/nursing homes are wonderful because of demographics but it is a hard business. Margins are tight. His guess is that with risk, (don’t put too much in) it should do well over time. | 2011-10-18 | |
| BUY | 7.380 | Jeffrey F. Olin | Seniors housing. Strong management, which owns a fair bit. Focused on quality. Unfortunately have not created a lot of shareholder value over the years but appear to be on the right track now. | 2011-09-26 | |
| BUY on WEAKNESS | 7.100 | Dennis Mitchell, CFA | Too small for him to own but likes the name. Wouldn't buy at this price but would prefer in the $6’s. Great management team. | 2011-08-04 | |
| WEAK BUY | 7.750 | Charles Dillingham | Nursing homes across the country and the most expensive ones around. Doesn't think he will make a lot of money on them. 4.4% yield. He has a small weighting only. | 2011-07-18 | |
| Comment | 8.330 | Dennis Mitchell, CFA | Luxury seniors housing. Primarily independent and assisted living. Has a lot of respect for the CEO. | 2011-05-26 |