No. of Recommendations: 1
blesto,

Apologies for not getting back to you sooner - I've been primarily using Twitter to communicate with everybody following the portfolio. My Twitter page is here: http://twitter.com/#!/TMFPapester

I think you got in at a fantastic price. I myself bought some more (first in the portfolio, and subsequently in my personal portfolio) around the same level. At this price we are below PEB's aggregate cost basis on its properties--and that cost basis is approximately 33% less than the replacement value of those properties, according to the management team.

Happy to be able to offer you ideas!

Cheers,
Alex
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