Abstract
Describes the resurgence of the equity real estate investment trusts (REITs) which are becoming major sources of equity capital for debt reduction and for acquisitions of performing commercial and multi‐family residential property. Describes the objectives and characteristics of the new equity REITs, as well as their investors. Reveals that REIT stock offerings are now hot stocks and that there is a danger that the market may become oversupplied with them.
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