Yes, it seems so... unconfirmed though. There is an article in...

Yes, it seems so... unconfirmed though.

There is an article in today's AFR on p18 that focuses on ILF and FKP. It said amongst other things that:

1. Consolidation is expected in the aged accommodation industry this year
2. ILF is trading at a 50% discount to NTA (which we already knew)
3. Offers have been received at significant premiums to book value (which we already knew)
4. Cashed-up US property funds are running the ruler over ILF's US assets
5. The CEO is believed to be currently in New York "finalising a deal"

Regardless of how accurate #5 is, it is good for ILF to get some positive media coverage. It's a pretty easy sum to do when it's trading at 50% of NTA, receiving offers above book value and ING is looking to sell the fund. Anybody who hasn't really been following ILF and suddenly sees those figures is going to have a serious think about investing.