Diversification is good in real estate, but it's good when looking at the asset classes your money is tied up in.

Multifamilies in Miami Beach are very expensive and usually purchased by foreign investors for wealth preservation and diversification purposes, and sell for very low cap rates.

I am all about wealth diversification.

Hey Philippe,I'm an investor based in Vancouver and have looked at Moncton as a potential area for a plex diversification play.

.- Once I had my narrower list, I dug into census data to look at job and population growth, net migration, diversification of the local economy.

If non-retirement funds are invested into real estate, even restrictive retirement accounts can provide diversification in addition to tax benefits.

Once you have a portfolio of cash flow properties, you can use a number of strategies to leapfrog into more and more, it's a bit of a snowball effect.All that to say, I think you've made a great return on this investment and it's time to cash in and redeploy into something better - more diversification, better cash flow, more flexible options for your investments down the line.You're in a good position, so congrats on buying low and selling high!

@Ray Li  Diversifying across 2 or 3 sponsors would be good from a diversification perspective but as an investor I've always learned what good (and bad) looks like with every deal. 

It does seem diversification out of this market through this loan is a reasonable idea.

A diversification exchange can be a very powerful way to build your RE portfolio.