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Global REIT recovery led by Asia-Pacific region: BNY Mellon

Posted on 21 December 2010

From Advisorone.com: Results of a recent paper giving BNY Mellon Asset Management’s global outlook for 2011 included comments by Urdang, a real estate investment manager and part of BNY Mellon Asset Management, that the Asia-Pacific region is leading the REIT recovery because of rapid growth in the region.
Citing the strong economies of China, Hong Kong and Singapore as drivers of that growth, Urdang also said that REIT markets in Canada, Australia and South America were particularly attractive due to their offerings: a mix of higher-yielding and higher-growth assets prompted by commodities exports in those regions that bolster their economies……………………………………….Full Article: Source


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