The Globe and Mail reports in its Thursday, June 25, edition that RBC Dominion Securities analyst Jimmy Shan has commenced coverage on Northview Residential REIT with a "sector perform" ranking and a $17.50 unit target. The Globe's David Leeder writes that analysts on average target the units at $18.17. Mr. Shan says in a note: "What makes Northview unique versus its residential peers is that it is effectively a play on Canada's resource economies. Given the current political and macro environment, we believe that on a net basis, its markets have positive tailwinds, especially its energy-related markets and its northern markets which should benefit from significant infrastructure investments as the federal government looks to defend the Arctic. At the same time, we believe Northview's markets carry risks -- they are cyclical given their small size and dependency on cyclical industries, while the property markets are far less liquid and do not have bid depth, thus requiring a higher return. The main unknown with the Northview story is how the small float improves. This depends on current institutional holders' decision to liquidate their positions -- something we believe could happen over the next few years."