I appreciate David Leeder's careful summary of the report by Echelon Wealth Partners. I agree with the main points of the summary -- but disagree with the conclusion that multi-unit residential REITS are the best sub-sector. I do own shares of three companies in this sub-sector, but I feel the best sub-sector own would be the industrial REITS. If one trolls through the G&M's "stock reports", one sees that the industrial REITs are doing noticeably better than the other REITs. I skip the well-known reasons why this is so -- but just say I own five industrial REITs, plus two other commercial REITs with a heavy industrial presence. I do not own any retail REITs or commercial REITs with retail exposure. --David Murrell, Economics, UNB at Fredericton