For the short term, analysts aren't in complete agreement about where publicly traded REITs are headed. On the heels of a rally that took shares to 15% to 20% premiums over net asset value, some look for a 5% to 10% near-term correction. But for REITs that know how to pick their deals, industry experts see huge opportunities. "[Well-capitalized REITs] are going to be the most competitive out there with their access to [low-cost] capital," said Tom Bohjalian, a portfolio manager at Cohen & Steers.
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