What REITs does the board recommend?
################################################################################ Bluest of the Blue Periodically, the board discusses and votes on a list of REITs it calls “The Bluest of the Blue” (aka “BofB”, “B of B”, or BoB). It is comprised of the REITs (up to 20) that the board feels are the best of the “Blue Chip” REITs. The board considers a “Blue Chip” REIT (originally defined in Ralph Block’s book) as having the following characteristics: 1. Outstanding proven management. 2. Shareholder friendly use of capital. 3. Balance sheet strength. 4. Adheres to an appropriate geographic strategy. 5. Good corporate governance. 6. Policy of dividend sustainability. Here’s a post containing a brief summary of each criterion: http://boards.fool.com/Message.asp?mid= An excellent discussion of these attributes can be read at: http://boards.fool.com/Message.asp?mid=20174737&sort=whole#2… Here’s the current “Blue List” (as of March 2008), including the 19 “Bluest of the Blue” REITs: http://bo
