Public REIT's going Private
Some public Real Estate Investment Trusts are going private according to NREI news service. So far this year, five public REIT's were sold to private investors up from three last year. Investors are pouring money into public and private real estate firms. This has driven share prices up, and that has led many alalysts to downgrade some of the listed REIT's, which they say have become too pricy. With share prices up and returns just mediocre, some REIT's have opted to go private at today's share prices.