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Two years into a bear market for REITs, convertibles look mighty attractive. When will the Dallas office market recover?  Does the REIT market really need another index?  Two bad years in a row have real estate fund managers counting their blessings—few though they may be.  The events of the past few months have once again exposed a structural flaw in the REIT market. 
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Two years into a bear market, investors are wondering when REITs will rebound. |
 Schottenstein Stores Corp.'s Jay Schottenstein has an offer for Burnham Pacific Properties on the table. The REIT's board says the offer is inadequate. What's a shareholder to think?  With REITs trading at a significant discount to their net asset values, investors are wondering what will close the gap.  Are REIT investors better off buying the shares of acquirors or acquirees? |
 
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