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  • Commercial Real Estate Time Bomb Ticking for REITs [View article]
    Thanks


    On Apr 17 11:38 AM Mad Hedge Fund Trader wrote:

    > Totally. George Soros says that it is “inevitable” that commercial
    > real estate falls another 30%. Rents are falling, tenant bankruptcies
    > are rising, there is tons of debt to be refinanced for which there
    > is no market, so cap rates are rocketing and “ghost mall” has joined
    > the recessionary lexicon. This all adds up to lower prices. Some
    > credit default swaps are trading at levels suggesting that a major
    > REIT bankruptcy is imminent. I know George is sometimes prone to
    > extreme statements, but this time he may be on to something. If you
    > want a short play, or if you have an existing long position in commercial
    > real estate which you can’t get out of and want to hedge, try a short
    > position in the (seekingalpha.com/symbo...), although it
    > has already dropped from $85 to $21. You can also play one of the
    > sicker REIT names like Brookfield Properties (seekingalpha.com/symbo...).
    >
    >
    Apr 18 09:51 am |Rating: 0 -2 |Link to Comment
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