CambridgeREIT: Proposed acq of 25 Tai Seng Ave on 20 Jan 2010 will not proceed due to vendor, Scorpio East not fulfulling certain conditions before target date. The $21.1m acq was first announced on 29 Sept and the option was extended on 20 Jan 2010…
…Note that Scorpio East was recently and is still suspended. Cambridge REIT has an est yield of 9.7% compared to AIMS at 10.6%. Other recent IPOs Sabana and MINT have yet to post full yr results. MINT has an approx yield of 9.1% based on an annualized basis for recent Dec 2010 results.
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