Lail: REITs won't go on a buying spree anytime soon

06/28/2010 | GlobeSt.com

REITs are unlikely to launch a buying spree despite the equity they raised last year and in 2010, says Jason Lail, a senior analyst with SNL Real Estate. The larger economy and the supply-demand price mismatch among property buyers and sellers will keep acquisitions down, he says. "We are seeing some REITs that have raised a good chunk of liquidity but decide instead to continue to reduce debt on their balance sheet," he says.

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