February 03, 2010

Money Money Everywhere and Nothing to Buy

REITs, on a stock selling binge last year, are now flush with cash but have had serious troubles placing it, so reports the WSJ today. It's no surprise either now that the new CRE landscape is taking shape. No floodgates have yet opened on distressed real estate; sellers are not motivated to sell with low prices; financing remains extremely challenging. It's the perfect storm to create apathy.... and lots of capital on the sidelines.


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