Show notes
Veteran investor Dennis Mitchell of Starlight Capital shares nearly 20 years of hard-earned insights into real estate investing—debunking myths, unpacking market fundamentals, and explaining why there is potential for serious upside in the REIT sector—if you have the discipline to wait.In this episode of In the Money with Amber Kanwar, Dennis lays out his investing playbook: focus on recurring cash flow, irreplaceable assets, low leverage, and owner-minded management. He doesn’t claim to be a genius—just someone with more data, a longer time horizon, and a process that keeps emotions out of decision-making.He also tackles Canada’s housing crisis with refreshing clarity. From immigration and supply shortages to municipal red tape and affordability myths, Dennis offers bold, actionable perspectives—and pushes for real government leadership and a national plan. As he says, “Nobody lives in a national house.”He answers your questions on Minto Apartment REIT (MI.UN), RioCan REIT (REI.UN), SmartCentres REIT (SRU.UN), InterRent REIT (IIP.UN) — which received a takeover bid the day of our release — and more — offering his honest assessments of their strengths, weaknesses, and where he’s putting his capital. He also shares his Pro Picks, the REITs he believes are best positioned today, including Killam Apartment REIT (KMP.UN) for its dominant position in Atlantic Canada and exposure to manufactured home communities, Chartwell Seniors Housing REIT (CSH.UN) for its post-pandemic growth in seniors housing, and VICI Properties (VICI), a U.S.-based REIT with triple-net leases, 100% occupancy, and built-in inflation protection.Whether you're an investor, policymaker, or just trying to understand the real estate landscape, this conversation is packed with substance, strategy, and real-world relevance.Timestamps00:00 Show intro 01:50 Why real estate in anything but boring 04:00 Why REITs look attractive right now - the three sources of return 05:25: Dennis’s real edge in real estate investing and why you should listen to him 07:00 Understanding the REIT sector and the rate environment10:00 Why isn’t there more M&A in the REIT space?12:50 Dennis’s refreshing thoughts on Canada’s housing problem and how he thinks we can solve it18:35 There’s no such thing as affordable housing25:10 ITM Mailbag: Dennis’s thoughts on Minto Apartment REIT (MI.UN-TSX)27:45 Is RioCan REIT (REI.UN-TSX) a buy for a long-term hold?31:10 Dennis’s view on Smartcentres REIT (SRU.UN-TSX) 34:20 Is Dream Industrial REIT (DIR.UN-TSX) a buy and hold?36:10 Dennis’s view on Northwest Healthcare Properties REIT (NWH.UN-TSX)39:50 What does Dennis think about Interrent REIT (IIP.UN-TSX)?43:45 Dennis’s Pro Picks SponsorsThis episode is sponsored by BMO InvestorLine. Learn how you can earn up to $3,500 cash back when you open a new account at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.Pro Picks is brought to you by ATB Financial. With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. Visit ATB.com/inthemoney for more informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. 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Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.Contact: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews