REITs have the flexibility to buy low, sell high

11/5/2009 | REIT.com

The private-equity real estate funds don't have a formal strategy of buying at the peak of the asset bubble and trying to sell at the bottom, but an analysis of their performance shows that's pretty much what they end up doing. The problem for private equity is it can't really sell at the top of a bull market when new money is flowing in from investors. REITs can sell at the peak -- and that's what they often do.

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