Even with cash on hand, bargains are hard to find for REITs

02/3/2010 | Wall Street Journal, The

After raising huge amounts of capital last year by selling stock, REITs are well positioned to swoop in on bargain properties. That hasn't happened, though -- mainly because good deals still are hard to find. "Today I'm sitting with $125 million in cash that I can't find investment for," says Stephen Richter, chief financial officer of Weingarten Realty Investors.

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Wall Street Journal, The

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