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  • High Yields with REITs and Junk Bond Funds [View article]
    The business model of REITs *HAS* changed. They rely on functioning credit markets to roll over their debt.

    The CMBS market is dead for the time being, Lenders are few and far between for commercial loans.

    It appears many, many REITs will not be able to roll over their debt in 2009-2010. They will have to declare bankruptcy, and shareholders may be wiped out.
    Dec 22 12:14 pm |Rating: 0 0
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