Technology, consumer confidence benefit many REITs, panelists say

11/15/2012 | REIT.com

REITs focused on consumer spending are benefiting from steady incomes among their base, along with new technology that is changing behavior, panelists at REITWorld 2012: NAREIT's Annual Convention for All Things REIT said. Robert Taubman, chairman, CEO and president of Taubman Centers, said that customers are not in fear of losing their jobs. The advent of Internet-based search has benefited the self-storage industry, said Spencer Kirk, chairman and CEO of Extra Space Storage. In the retail sector, the Internet has given multichannel stores a boost, said Daniel Hurwitz, president and CEO of DDR.

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