Post by sayyestocress on Jun 21, 2018 13:57:11 GMT
just received emails that on the 3 properties that I am invested the vote has been to sell the properties.
I personally voted against since i believe that in an ideal world all the properties should remain on the platform forever and the secondary market should represent the most efficient and cost effective way to sell your investment. Also, i don't think the discount to valuation was so large to require an anticipated exit, the tenancies probably could have just been renewed and there wasn't a particular negative market view on the sector or region to force an early exit
The cynic in me thinks they want to offload the older, un-geared lower dividend, single property investments that they've trended away from since the early days. I assume they are less efficient (i.e. less profitable) to manage and are less desirable on the SM such that they will be generating lower fees from the re-sales of shares. Of course they won't tell us that, but of course I might be spouting total BS.
I voted sell for my two, as did the vast majority according to the results. I wanted to crystalise a gain on properties that may drop in value if London suffers with Brexit, whilst testing PP's ability to make gains on property, something PM (who I've tried to exit from) have struggled with. I suppose the biggest problem with investing as a crowd is your opinion can get drowned out by majority who disagree with you.