Investors Slow to Hug New REITs, Says Head of JPMorgan Securities
By Alex Finkelstein
The nation’s new initial public offerings (IPOs) are on a slow track. Investors are not gobbling them up as they did in heady days of the early 1990s. That’s the view of Murray McCabe, global co-head of real estate investment banking with JPMorgan Securities.
In a recent REIT.com video interview at REITWeek 2011: NAREIT’s Investor Forum at the Waldorf-Astoria in New York, McCabe discussed the current state of the capital markets for REITs, as well as the potential for more deal-making in the second half of the year.
Reit.com reports McCabe noted the markets haven’t been receptive to IPOs, calling the performance of REITs that went public in 2009 and 2010 “disappointing.”
Read more of the World Property Channel article here.
The Peninsula Industrial Pros 