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Global REIT Activity in H1 2010

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Global REIT Activity in H1 2010 - REIT - commercial property - property market - analysis

Globally, sales of significant commercial properties, excluding land sales, totaled just under $65B in Q2, a slight decrease from the $67B in the first quarter. On a year-over-year basis, the first half of 2010 is up almost 50% over the same time period in 2009.

As global investors struggled to survive stalled commercial real estate markets over the past three years, many REITs took advantage of the down time to de-leverage balance sheets through recapitalizations.
As a result, by 2010, many well capitalized REITs have found new investment momentum. The de-leveraged REITs have been able began to come back strongly, tapping into their new liquidity to take advantage of select acquisition opportunities.

Looking at the net-investment activity for REITs on a global scale, our RCA data shows that, for the first time since Q3’08, REITs became first-quarter net-buyers, a trend that continued into the second quarter. REITs this year are more concentrated on core investments as they look to invest in higher-quality, lower-risk assets.


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