Green Street: The benefit of REIT spinoffs

04/28/2014 |

REITs spinning off parts of their businesses are doing so for strategic reasons even though it means a smaller operation for the parent, says Mike Kirby, chairman and director of research at Green Street Advisors. There are benefits in being focused, he says. "In many cases, the assets that are being spun off are assets that could use some loving attention."

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