TITLE

REIT IPO Market Catches Fire

AUTHOR(S)
Abrams, Sandra Lea
PUB. DATE
November 2004
SOURCE
Investment Dealers' Digest;11/29/2004, Vol. 70 Issue 46, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that fueled by low interest rates and a hearty investor appetite for yield, the real estate investment trusts (REIT) IPO market in the U.S. has caught fire this year, with 25 private companies tapping the public equity markets through November 22, 2004. Over the same period in 2003, just five REITs went public, according to Thomson Financial. Investor demand for yield products is up dramatically this year, helping to send the RMS, Morgan Stanley's REIT index, up 23.3% year-to-date. REITs focusing on mortgages, hotels and niche asset classes such as student housing and biomedical research facilities have dominated the IPO market, bankers said.
ACCESSION #
15224037

 

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