Commercial Real Estate Implosion Is Imminent [View article]
If you had focused on retail and office REIT's this would be very accurate. PSA has little or no debt and the business model is not broken. Not everything that qualifies a a REIT is in the same boat. Maybe there's a timber REIT out there who is upside-down on debt, but the true focus should be on those who see rising CAP rates, big leverage and shrinking demand for their product.
Commercial Real Estate Implosion Is Imminent [View article]