The Real Deal Miami

Optimism pinned on REIT-driven comeback

May 03, 2010 03:18PM

A glut of real estate investment trusts are going public in the coming weeks, buoying optimism that national commercial real estate prices could see a short-term boost, according to National Real Estate Investor. The hope is that these REITs will continue to rake in capital through the end of 2010, which would, in turn, be funneled into the battered commercial market. And there is reason to believe this scenario could pan out: 2009 saw REITs raise over $30 billion, the most that the private real estate firms have in over a decade, according to the National Association of Real Estate Investment Trusts.