Rob Viglione

Time to Invest in REITs?

I wrote an article on 12/27/08 about commercial real estate developers lining up at the TARP trough, warning "that thousands of office complexes, hotels, shopping centers and other commercial buildings are headed into defaults, foreclosures and bankruptcies.” Something about $530 billion commercial mortgages coming due in 2009 for which financing is unavailable.

Unless these peachy fellows secure a half trillion from the federal government they are not likely to be attractive investments.

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