Real estate companies will continue to tap the public markets this year -- there already have been a handful of REIT initial public offerings with a growing number of deals in the pipeline. Fueling at least some of this growth will be blind pools, which remain a viable option for companies thanks to the ongoing disruption in the lending markets despite some speculation to the contrary. No matter which structure companies take to go the public markets, they all face the same problem once they do raise capital: a dearth of deals. "Investing capital right now in a market that is not transacting seems to be a real problem," says Glenn Mueller, professor at the Franklin L. Burns School of Real Estate and Construction Management at the University of Denver.
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