CEOs discuss pros and cons of debt

06/11/2010 |

Leverage was the downfall of many real estate investments during the financial crisis, noted CEOs during a panel discussion at REITWeek 2010: NAREIT's Investor Forum®. "Leverage ratios that seemed quite conservative might have come up and bitten a few people" during the downturn, Green Street Advisors Chairman Mike Kirby said. Art Coppola, chairman and CEO of Macerich, also noted attractively priced debt could be right today for companies with longer-term plans as it would yield cheap capital for growth "four to five years from now." Watch a replay of the session.

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