local governments in the United States, each with their own varied authority to promulgate rules and regulations.

Boston ranked best for entrepreneurial growth two years in a row

The 2017 report ranked Boston as the best city in the US for fostering entrepreneurial growth for the second year in a row, edging out the San Francisco Bay area.

Boston earned the top ranking based on startup density and capital access and got high marks for talent access and connectivity. The presence of top universities was said to produce a steady stream of new tech talent, whilst the city government offered strong levels of support.

Ranked second was the Bay Area (San Francisco) followed by Philadelphia, San Diego and Austin.

Best Cities to Own Real Estate in 2017

The study examined the health of theDream Global Units on the TSX on September 13, 2019 and will represent a total return for 2019 of 47%.

Dream Global's real estate portfolio was created at an average acquisition cap rate of approximately 6.8%, which includes the significant Netherlands portfolio, valued at an 8.0% transaction cap rate in 2017, and currently consists of over 200 properties located in over 100 Western European cities. The Transaction represents a 9.1% premium4 to Dream Global's June 30, 2019 EPRA NAV, in which 98% of Dream Global's assets were appraised in 2019, by independent third parties and reflects the tremendous value created by the management team.

Transaction Rationale

In 2011, Dream created a public business to invest in European real estate, during a time when the outlook for European real estate was viewed