TITLE

REITs Reclaim Stage as Way to Cash In on Crisis

AUTHOR(S)
Berry, Kate
PUB. DATE
July 2009
SOURCE
American Banker;7/31/2009, Vol. 174 Issue 146, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that financiers seeking to profit from the distressed mortgage loan market have increasingly turned to the creation of real estate investment trusts (REIT) as a means of raising capital. Over a dozen such REITs have issued initial public offerings in June-July, 2009. The REITs plan to acquire mortgage loans and mortgage-backed securities from banks and government agencies which are eager to dispose of them.
ACCESSION #
43507498

 

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