Forbes Prints Mixed Signals on the REIT Market
The July 2nd edition of Forbes continues the excellent REIT coverage, even if the analysis is mixed. One of the cover stories is “Shorting Skyscrapers.” This article features the founder of REIT advisors Green Street, Jon Fosheim. Fosheim has left Green Street Advisors, and he now is a partner at Oak Hill REIT Management where he is shorting REITs.
In another Forbes story by Laszlo Birinyi, Jr, Vornado Realty Trust is mentioned in a positive light. This mixed analysis from Forbes is proof that the REIT market could go either way. My opinion is that investors must focus on quality and not invest in REITs that have become to popular and therefore unreal market valuations.
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Jun.28.2007. 21:58
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