Opportunity for Investors in Retail and Hotel REIT Sectors
www.reit.com During REITWeek2010, Rich Moore, an analyst with RBC Capital Markets, sat down with REIT.com’s Allen Kenney to discuss areas of the real estate market where he sees potential for growth in the second half of the year. According to Moore, investors should keep an eye on the retail space. He explained that in examining the retail space, investors should keep in mind the importance of the tenants and not just fixate on what the consumers are doing right now. “While the consumers may not be shopping yet, in fact, the retailers are out in force looking for new space,” Moore said. Another sector that Moore expected a lot of movement out of in the coming months was the hotel space. “Clearly there’s a lot of money in the hotel space looking for hotels,” Moore said, “I think that product is going to come to market, either through the CMBS vehicle or through perhaps other finances that hadn’t worked out and those properties will come to market.”
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