That's really interesting - appreciate you sharing. I am finding it hard to escape the view that the discount to NAV is a function of the Morrison management fee. It can't be sensibly seen as a reflection of poor quality assets - to the contrary. I think it is time that Morrison recut the fee to make it more back ended and better aligned with shareholders. For example, more payable on exits or as the gap closes etc.
IFT Price at posting:
$9.49 Sentiment: Hold Disclosure: Held
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