Investors have a more favorable view of REITs, according to Frank Haggerty, portfolio manager with Duff and Phelps Investment Management. Speaking with REIT.com at REITWorld 2012: NAREIT's Annual Convention for All Things REIT, he pointed to the liquidity of REIT shares, the quality of their assets and cost of capital advantage as reasons investors favor REITs. "Liquidity has always been a part of the REIT story. An important lesson learned over the years is just how important that liquidity can be. Both from the buy and sell side, that's definitely grown in appreciation," he said.
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