REITs Continue Buying US Real Estate But Are Not Selling
By: investUSA360 •
Listed REITs purchased $44.6 billion worth of assets in 2017 through Oct. 23,this figure is comparable to the $47.9 billion worth of assets purchased in 2016.
Changes show however on the sales side as REITs sold $46.7 billion in assets thus far in 2017 through Oct. 23, compared to $71 billion for the full year 2016. REITs have additional challenges in that they must reallocate the proceeds of sales quickly which can cause hesitation in a market where there aren't many attractive assets to purchase.
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