Wechsler: Employment will drive REIT growth in U.S., Europe

09/11/2011 | REIT.com

Speaking at the European Public Real Estate Association's annual conference in London, NAREIT President and CEO Steven A. Wechsler notes that real estate markets are waiting for a growth in employment. "The real estate economy is driven very much by employment levels and growth in employment. Therefore, the focus on job creation going forward is very important to REITs and real estate investors generally," Wechsler said. At the same time, U.S. investors are looking to overseas markets to boost returns.

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