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No. of Recommendations: 5
I appreciate everyone's input. Thanks!

Here's my two cents:
I own CLNS, GPT, CAFD, CCP

I'm looking into XHR, More GPT at $25, more CCP, CTRE below $15.


Regarding CLNS dividend safety...

CLNS is one of my larger holdings (started with NRF and NSAM). I don't know why they gave it such a low dividend safety score, but maybe it was was for the debt, which is considered a bit high by others (see seekingalpha articles).

I continue to hold and have added more because I see the turnaround happening:

* Their payout ratio is now in the 70% range.
* They've replaced previous management with that from CLNY who had a much better reputation.

* They have already demonstrated improved transparency, layout out their plan to increase the value/share price (see conference call), and they are following that plan.

* They've accumulated a large amount of cash (around $1B I think). I think it's either to reduce debt, buyback stock, or maybe even new purchases at some point.

* It's undervalued at these prices ($13ish/share) due to the hangover of bad reputation from NRF/NSAM history. And the general REIT downturn we seem to be in. It's something like 10% below the VNQ.

The stock has an active community on Investor Village. you can get some additional information there.

Good Luck!

-srockaz
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