March 13, 2009
Just two weeks ago, I speculated about REIT capital shortages and the ability of non-traded REIT equity to fill the gap in the post Averting Massive Sector Wide REIT Defaults: Non-Traded Equity May Be Part of the Answer. Pacific Office Properties Trust (PCE) had just disclosed their intention to raise $350 million through this market, […]
Read the full article →
February 28, 2009
REIT stocks are in all sorts of unprecedented trouble. They depend on leverage, and to the extent that it can be had at all, it’s become more expensive and tougher on terms. Consequently, the weighted average cost of capital (debt and equity combined) for REITs will increase by an average by 100-200 basis points, to […]
Read the full article →
