Sep
30

More Big REITs Possible

By

Book your reservations and head to Atlanta for RealShare INDUSTRIAL! Join peers from across the country for networking at the College Football Hall of Fame and get the latest market intelligence. Nov 3-4.

Ventas’ Debra A. Cafaro

CHICAGO—On Monday morning, at BMO Capital Markets’ 10th Annual North American Real Estate Conference in Chicago, the leaders of a few major REITs gathered to discuss the future of these companies, and covered a lot of ground. One thing the panelists seem to agree on was that there are too many REITs.

“There should be consolidation in the business,” saidSandeep Mathrani, chief executive officer of General Growth Properties, adding that there was currently too much choice. However, that does not mean he is against the occasional spin-off. If done in a thoughtful manner, spinning off a REIT “can be a tool to highlight the value in that organization” which otherwise would be hidden if it remained a small part of a big company…

More Big REITs Possible

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.