12/9/2009

Many REITs say they have shut down development. But that doesn't mean there isn't any property development going on, said Peter Slatin, editorial director at Real Capital Analytics. "Even if substantial development is underway, few REITs want to be seen as the first on the bandwagon of recovery," Slatin said. "REIT managers are continuing to act judiciously right now; paying down debt and playing it conservative."

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