Although Tishman Speyer’s recent $22 billion purchase of Archstone-Smith was one of the biggest REIT buyouts ever, experts say that REIT stocks are still undervalued, and that pricey privatizations will continue. “I don’t think Archstone is a top,” said Sam Zell at an industry conference last week. Zell and many other investors believe that private equity firms will continue to see REIT stocks as a good deal. more [The Street]
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REIT buyouts likely to continue
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