"Cautious optimism" dominates REITWeek®

06/16/2008 | InvestmentNews (free registration)

REITWeek® in New York was marked by cautious optimism from investors, bankers and REIT executives. The consensus at the conference was that real estate fundamentals will remain healthy, but much will depend on how long the economic downturn lasts. "Every day, we seem to be getting conflicting news on the state of the economy," said Steven Wechsler, president and chief executive of NAREIT.

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