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Author: TMFWysocki Big gold star, 5000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77099  
Subject: Re: ROIC 3rd Qtr Report and CC Transcript Date: 11/2/2013 7:11 PM
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More from Stuart Tanz during the CC:

Jason White - Green Street Advisors, Inc., Research Division
Okay. And then just a last question, in terms of your acquisition activity. Do you have kind of a sense of -- is it market related? Or is it some kind of ideal size of portfolio that eventually get you to the point where acquisitions decelerate and maybe become less of the story?

Stuart A. Tanz - Chief Executive Officer, President and Director
We've been operating, Jason, out here for 25 years doing what we do. We are pretty -- we have a pretty good idea where the portfolios lie on the West Coast in terms of ownership. Those opportunities, we continue to pursue. But we're very selective in terms of acquiring portfolios as it relates to the impact to our balance sheet and other items. I don't -- I can't sit here today and tell you that we're going to be able to do a larger transaction, but what I can tell you is we're going to keep doing in what we have been doing. And so we do continue to see the runway very strong in terms of off-market, one-off transactions.

Jason White - Green Street Advisors, Inc., Research Division
Okay. And I was looking more for an ideal size of your own portfolio. So as your acquisitions have crept up near $400 million this year, is there a portfolio sizes that you think where acquisitions becomes less of your story and it's more of an operational story?

Stuart A. Tanz - Chief Executive Officer, President and Director
No. No.

Jason White - Green Street Advisors, Inc., Research Division
Okay. So there's no -- $2 billion is not going to slow down the pace of your acquisitions or $3 billion, there's not really a portfolio size -- the [indiscernible] ?

Stuart A. Tanz - Chief Executive Officer, President and Director
No, our goal is to keep growing the company smartly. And to keep it as transparent and straightforward as possible.


[bold emphasis is mine.]

David
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