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Church abuse payout tears sisters apart

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A hefty abuse compensation payout from the Catholic Church has torn two sisters apart as a dispute over money arose. Two years ago, Gina Swannell successfully sued the Catholic Church for the abuse she had suffered as a child at the hands of a trusted local priest . "It was just a total sense of relief," she told A Current Affair . "I'd succeeded in getting justice." However, after speaking publicly about her settlement, lawyers for the Catholic Church wrote a letter demanding her compensation payout be returned. Gina wanted the money out of her bank account so she transferred it to her trusted sister Andrea . She said she ultimately transferred $296,000 to Andrea, who also had her power of attorney. From that money, she said, Andrea paid $69,000 for a half-acre block in a small town west of Brisbane. A three- bedroom house intended as Gina's new home was built on the block at an estimated cost of $160,000 to $180,000. However, the carport and concr...

Why AvalonBay Is Not In My 'DAVOS' Portfolio - AvalonBay Communities, Inc. (NYSE:AVB)

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I just finished my all-new DAVOS portfolio that includes the following best-in-class REITs: Digital Realty (DLR), American Tower (AMT), Ventas, Inc. (VTR), Realty Income (O), and Simon Property Group (SPG). As a reminder, the DAVOS REITs were picked because of their high-quality attributes and most importantly for their dividend repeatability. While these REITs do not represent all of my favorite picks, they embody a diversified basket that serve as a proxy for robust dividend growth in the REIT sector. I’ll be honest, the last pick was the hardest. It was easy for me to select DLR, VTR, O, and SPG – because these four REITs have scale, experience, and muscle – all essential elements of durability. However, I was torn between the last pick, debating most of my Saturday as to whether I would go with American Tower or AvalonBay (AVB). I was really leaning to go with AvalonBay, but I decided at the last minute to include American Tower . It was a tough call, but after reading this ar...