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THE INVASION OF THE REITS! REAL ESTATE INVESTMENT TRUSTS HAVE BEEN GOBBLING UP OFFICES, APARTMENTS, SHOPPING CENTERS AND HOTELS. WHO ARE THESE GUYS AND WHAT WILL THEY DO NEXT?(Business)
From:
Seattle Post-Intelligencer
| Date:
April 27, 1998| Author:
| COPYRIGHT 1998 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Are you the kind of Monopoly player who carefully hoards your stash, bypassing lesser properties in hopes of getting a shot at purchasing Boardwalk or Park Place?
Real estate investment trusts are the other kind of Monopoly player, says industry analyst Richard Muhlebach. ``They're still on a buying binge,'' he says. ``They're buying everything they land on.''
It sure has looked that way. In the real-life board game of commercial real estate in this region, REITs have been the ones buying up all the offices, shopping centers, apartments, hotels and warehouses.
``They ...
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