Globalization Hits U.S. RElTs

Abrams, Sandra Lea
December 2004
Investment Dealers' Digest;12/6/2004, Vol. 70 Issue 47, p14
Trade Publication
This article presents information related to U.S. industrial real estate investment trusts (REIT). These trusts have been hit by globalization and are expanding their properties abroad. One big deal occurred when Aurora, Colorado-based ProLogis, through its European subsidiary, PLD International Finance Inc., issued a $431million eurobond offerings in the international markets. The need for such capital, accompanies a growing international presence, driven by many factors, including the REITs' business. Another reason industrial REITs are looking abroad is because the domestic market looks pricey.


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