REITs have raised a lot of capital in the past year and they are locked and loaded for bear but they just can't find enough of them. A lot of the product that REITs like to aquire; apartments, office buildings, malls and warehouses have not been available. Current owners are hesitant to sell into a market where prices have needed a massive reset and they often keep performing assets for themselves. Additionally, banks are cautios about how they liquidate properties they have foreclosed on since they have to watch t...
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