Petinella: Another strong year for acquisitions

12/6/2012 | REIT.com

2013 will be another strong year for acquisition, Ed Petinella, president and CEO of Home Properties, said at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "The good news is we are in an environment where interest rates are so low we are seeing all of our deals at an unprecedented level being accretive day one, meaning we are making money day one," he said. "In the previous years it would take about a year or year and half to see the returns come forward."

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