Interviewed at REITWorld 2009, David Henry, who will become vice chairman, president and CEO of Kimco in 2010, said the past year has taught REITs that the public prefers they be equity owners of real estate, generating steady income, instead of seeking one-time gains. He added, though, "most REITs will evolve into operating managers for institutional capital to enhance earnings that would otherwise be, by definition today, quite flat."

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