The Globe and Mail reports in its Thursday edition that CIBC World Markets analyst Dean Wilkinson became the first analyst to commence coverage of Northview Residential REIT, giving it a "neutral" ranking and $12 unit target. The Globe's David Leeder writes in the Eye On Equities column that Mr. Wilkinson says in a note: "NRR was created by way of a recapitalization transaction from its predecessor Northview Fund. While the REIT's properties may be largely familiar to the 'REIT regulars,' the vehicles in which they have been held are perhaps less so, with the assets having found a home in traditional REIT structures and in a high-yield, income-oriented fund. Given the REIT's passage from what was viewed as a more income-oriented, high-yield vehicle to a more staid and conservative balance sheet entity, we believe the market is perhaps viewing NRR as an investment in transition rather than it having reached its final destination, with a clear delineation between its higher financial gearing and a yield commensurate with such. We believe that, in time, the normalization of the REIT's balance sheet to be more representative of its direct peers should serve as a catalyst for material unit price performance."