Most international/global REIT (Real Estate Investment Trust) managers are upbeat about the prospects for this asset class over the next two years, despite the economic malaise in Europe and concerns about global economic growth. This was the overriding message to come out of the Nareit (National Association of Real Estate Investment Trusts) REITWeek Investor Forum in New York earlier this month
Current listed property yields and forecast distribution growth offer attractive prospects for excess returns, says Andre Stadler, managing director of Catalyst Securities which manages portfolios for institutional investors with a combined value of R500 million.
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