Embassy REIT: Is this “Blackstone” promoted REIT is real diamond?

Was heavily invested in Embassy since IPO (added most qty in the pandemic) but sold off recently because of rising rates and Embassy Parent Corporate goverance issues.

But this is a ridiculous googly. Don’t think one can consider REITS and INVITS unless they are available at a deep discount. Tax arbitrage can disappear in the snap of a finger, MUST give a discount to that.

Now another bigger risk is – They may raise capital at current valuations to buy the chennai asset because of the Stress Level at the Embassy group.