Hi Rico..

I have been in Scotts Reit/KeyReit for ever....Been sucking up the big divvies for the same amonunt of time..when Scotts Started out I think they were called Scotts foods and they had all the concessions on the 400 hiways in Ontario..all the Tim's MacDonalds..KFC etc..that was back in the '80's I did a lot of Contract work for them and a s soon as I saw the Reit I jumped all over it..They are a good company and allways paid their bills promptly..

gotta like that if you are a contractor.,..to make a long story short Huntingdon Reits are corporate raiders that prey on anyone they think they can get cheep and then make them cheaper..anyway they tried a unsolicited bid at $7.00 that got shot down and voted down..on Friday night they upped the anti to $7.50 ....John Bitove the Scots Riet boss said it was worth 8 dollar,..

KEYreit's Board is continuing to strongly pursue its process to maximize value for unitholders. The Board remains confident that given the additional time granted by the OSC, it will be able to present unitholders with a superior alternative to the Inadequate Offer.

BMO Capital Markets has advised KEYreit that the due diligence process for potential bidders requires sufficient time to achieve successful results, given that KEYreit's assets are comprised of 226 properties across nine provinces. A serious bidder will need to review the properties, relevant local real estate markets, the leases, third party reports in respect of the properties (such as environmental site assessments), related mortgage debt and all relevant corporate financial information to prepare a binding offer.

We added another $50 million to the portfolio tonight

TORONTO, March 18, 2013 /CNW/ - KEYreit (TSX: KRE.UN) ("KEYreit" or the "REIT") announced today that it has waived due diligence conditions in an agreement to acquire two retail investment properties located in Alberta for a purchase price of $10 million comprising 50,494 square feet of gross leasable area ("GLA").

The total purchase price will be satisfied by new mortgage debt of $6.3 million bearing an interest rate of 3.8%, term of 5 years, and amortization period of 20 years, and funds drawn from KEYreit's previously announced operating line expected to close in early April 2013.

One property is a single-tenant site located in Olds, Alberta, while the second property is located in Lloydminster, Alberta, a new market for KEYreit. The portfolio is 100% leased with an overall average remaining lease term of approximately 5.2 years and with 82% of the GLA comprising national tenants.

"This acquisition adds a twenty-fourth Shoppers Drug Mart location to our portfolio and executes KEYreit's strategy to grow our small box retail assets with a diversified tenant base of strong national tenants, including a new tenant for KEYreit, The Brick," said John Bitove, Chief Executive Officer of KEYreit. "We are also pleased to increase our presence in the high growth province of Alberta, continuing to expand our geographic footprint in Western Canada."

The acquisition is expected to close around mid-April 2013 and is subject to customary closing conditions.

So I don't thinks we have been sold..not yet but I'm sure if they come up with $8-10 a unit...she'll go..

Portee

Good PICKIN" on the KWH.UN..I have a whack of that too.