ING manager likes health care, mall REITs

08/27/2008 | InvestmentNews (free registration)

Joe Smith, managing director of ING Clarion Real Estate Securities LP and portfolio manager of two real estate funds, is bullish on mall and health care REITs. "Cash flows [from malls and health care centers] are a little bit more durable in this current cycle," he said. Malls tend to have tenants locked into long-term leases, which improves cash flow, while demand for nursing homes, doctors, medical office buildings and senior housing facilities is bolstering the health care side.

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