Martin Cohen: Look for REIT fundamentals to improve in 2010
As the economy gets back on its feet, the first REITs to benefit from rising employment will be apartment REITs, real estate investor Martin Cohen said. For investors looking to make their first REIT stock purchase, well-managed REITs with holdings in Washington and New York are a good place to start, he said. Cohen spoke favorably of AvalonBay, Boston Properties, Simon Property Group and Vornado. REIT fundamentals aren't likely to improve before the second half of 2010, he said.
Forbes | 10/30
This story published in Real Estate Investment SmartBrief on 10/30/2009
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