The Financial Post reports in its Wednesday, Oct. 22, edition that Middlefield Capital manager Andy Nasr recommends buying InterRent Real Estate Investment Trust ($5.70). The Post's Jonathan Ratner writes in the Buy & Sell column that Middlefield Capital is InterRent sixth largest shareholder. This Ontario-focused apartment REIT operates in secondary markets such as Ottawa and Kingston. Mr. Nasr says: "They have a very high quality management team that is focused on organic growth. ... They'll buy a property that is a little banged up, do some renovations, then raise the rents." Mr. Nasr considers InterRent an ideal takeover target for companies such as Canadian Apartment Properties REIT or Killam Properties. Mr. Nasr says Canadian REITs now have the best risk-adjusted returns since they have lagged their United States peers. Part of his optimism stems from the unique nature of Canada's market, as approximately 50 per cent of the population lives in just six cities. Mr. Nasr says: "You have a tremendous amount of concentration, which means good real estate is really hard to come by. ... If you're looking at a good office building or retail strip, there's scarcity value there."