REIT Index Down and Another REIT Taken Private
The Dow Jones Composite All REIT Index was down 1.55% today. This continues the slide, but it is still 13 points shy of the 52 week low hit on July 21, 2006.
The big news today came from America First Apartment Investors. They annouced they were being acquired by Sentinel Omaha LLC for $532 million which represents a 12% premium over Friday's closing price. Not a bad weekend return.
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Jun.25.2007. 21:44
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