RMR's repositioning in three of the client companies will help the share price of the managed REITs. The higher the share price of those REITs, the higher RMR's revenues.
While I think an acquisition would be the quickest way to enter the multifamily segment, I think RMR will not obtain favorable terms. Instead, they should go organic.
By going organic, RMR could redeploy most of its cash on hand to repurchase 17.5% of its shares.
I recommend buying RMR with a target price of $86.