REITs rush to file IPOs to acquire distressed properties

08/10/2009 |

Colony Financial and other REITs have filed for IPOs this summer in an effort to raise capital to buy distressed properties. The acquisitions of the assets are expected to occur in the next 12 to 18 months. "Right now, we're seeing a raft of registrations for mortgage REITs," said Howard Roth of Ernst & Young.

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