Have I Got A Reit For You
Don’t fall for this script too readily. Real estate is staging a comeback, but no industry has greater tendencies toward excess. ““We’ve already seen aquarium REITs, marina REITs, farmland REITs. You name it and somebody wants to make a REIT out of it,’’ says Sam Hillers, an analyst for Alex. Brown & Sons. If you’re shopping for a REIT, look for companies run by experienced real-estate pros who won’t overpay for a property....