Writing in a commentary, Steelbridge Capital LLC founder and managing principal Gavin Campbell says he expects "a more liquid market, dramatically reduced sales prices, and a higher volume of transactions" in real estate during the second half of 2009. That will come as publicly traded REITs are forced to sell properties to meet debt obligations. "The resulting increase of sales from public and private real estate operators will dramatically increase the transaction volume and begin to mirror the significantly reduced pricing indicated by the public markets," he writes.

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