Lustig: New REIT acquisition activity will be fueled by strategic offerings

10/4/2010 |

REITs will start to make more acquisitions and will tap public and private markets for the funds to do so, says Matthew Lustig, managing principal and CEO of Lazard Real Estate Partners, speaking at the Real Estate Luminary Series event sponsored by NAREIT and Georgetown University's McDonough School of Business. Lustig says the industry will see more initial public offerings and secondary offerings, but unlike the wave in 2009, these will be more strategic and tied to specific acquisitions. The high-quality REITs will go to the public markets, he says, while smaller firms will stay on the private side.

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