08.06.2012 - Spains real estate crisis solution may lie in US Savings & Loan REIT model
One solution to Spain’s real estate market implosion that has laid low the economy and crippled many of its banks may lie in using the equities market, and particularly the efficient REIT investment vehicle, to recapitalize the sector, as the US did in its similar Savings & Loan crisis in the 1990s, an ASIPA (Association of Spanish Rental Property Companies) conference in Madrid heard on Thursday. Philip Charls, Chief Executive of the European Public Real Estate Association (EPRA) said: “REITs helped to solve the 1990s Savings & Loans banking crisis in the United States as property companies went public to access fresh capital and de-leverage the US real estate industry...............................................Full Article: Source
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