| At a time when most are focusing on luxury, boutique and convention hotels, amenity-light chain properties offer value. In 2010 real estate watchers became very excited about two potentially big trends: initial public offerings and mergers and acquisitions.
Unfortunately the consolidation wave never materialized, and the new stocks that were offered seriously lagged major REIT indexes. Last year investors stuck with the established REITS that had made it through the downturn, as they raised $47.7 billion in secondary stock offerings and unsecured debt. Overall REITs had a total return of 28%. As a group they snapped up $25 billion worth of individual properties..............................................Full Article: Source
|