Congratulations on finally getting CREC to the market! It must feel good to be so close to being able to focus entirely on CREC’s development pipeline.There are no other power generation companies with a dedicated REIT recycler , and there are certainly no other RE companies that have as clear a long-term development strategy with a REIT subsidiary. I looked through the prospectus, and the CREIT angle was mentioned but the value of CREIT to CREC wasn’t explicit.
As a long-term investor, this is the type of deal that gets my attention. CREC has a transparent list of projects with a tight focus, and the money raised will go to developing that roster of projects. Once completed, the company plans to "sell" the projects to its REIT subsidiary, freeing up more capital to start the process all over again.
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Source: gmanews - 🏆 11. / 68 Read more »