As the economic crisis continues, the real estate industry may see
mergers among real estate investment trusts this year. REITs with high
earnings may start to acquire those with lower earnings, said Jay
Leupp, a portfolio manager for Grubb & Ellis. South Street Seaport
owner General Growth Properties is one company that experts say could
soon be acquired. Shopping center REIT Ramco-Gershenson Properties
Trust also recently announced that several companies have been
interested in acquiring it.
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