Graziano: Recovery baked into REIT valuations

03/16/2010 | REIT.com

REITs move like equity in the short term but behave like real estate in the long run, says Michael Graziano, managing director of Goldman Sachs. "There is a certain amount of recovery baked into valuations, but an accelerated real estate recovery could change that," he said. Fresh, unanticipated signs of growth might move the REIT market higher than the industry currently expects, he says.

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