Thanks
MEQ is a real estate management/development company focussed on mid-market residential rental apartment buildings in Western Canada. It invests in residential units like townhouses mid-rise and high-rise apartments, condo suites, and freestanding commercial buildings. We would say the housing crisis may be an indirect tailwind but not significant. The lack of affordable housing could be pushing families/individuals to rent and live in apartments which could benefit MEQ. The housing crisis is primarily is a tailwind for residential home builders and due to MEQ's focus on apartments and rental properties in Western Canada this is not very significant. We do like it and think it is a good company, the only issue is illiquidity of the shares. We think $185 would be attractive.