Peter Mitchell: Greater REIT flexibility likely in Japan

11/20/2009 | REIT.com

There's a good chance REITs in Japan will get a helping hand from the government in the form of greater financial flexibility, said Peter Mitchell, CEO of the Asian Public Real Estate Association. Today, Japan's REITs have their hands tied in many situations because they are more tightly restricted in what they can do than operating companies. He said the government was highly receptive to a proposal to give Japanese REITs greatly improved "capital management tool kits."

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