NCREIF data shows direct property markets turning down

01/15/2009 | REIT.com

The downturn in commercial property prices that has been felt in the market appears to be finally showing up in reporting data, according to the latest data from the National Council of Real Estate Investment Fiduciaries. Direct property prices typically trail REIT share prices by six to 18 months, so "we're likely to see much bigger declines" in the direct property market before any recovery begins," according to NAREIT Vice President of Research and Industry Information Brad Case.

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