MacRo LTD Blog

Gunning for a Piece of the Action

The following is a news summation from article by Joe Gose.

MacRo_OldSize_BlogPlaceholderNow that the real estate climate has improved, shopping center Real Estate Investment Trusts (REITs) are beginning to venture into the investment market in order to make their portfolios more rounded.

Last year marked the beginning of their acquisitions of high-end grocery and shopping centers, and the momentum has continued into 2011.

“REITs spent $3.6 billion to acquire shopping centers in 2010, which was more than triple the amount they shelled out in 2009, according to Real Capital Analytics. The New York-based firm tracks sales $5 million and above.”


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