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Article: Securitization continues to reshape real estate.
- Article from:
- Real Estate Weekly
- Article date:
- June 18, 1997
CopyrightCOPYRIGHT 1997 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Although securitized real estate still accounts for less than 10 percent of all investment-grade real estate, the impact of real estate investment trusts (REITs), commercial mortgage-backed securities (CMBS) and publicly-traded operating companies on investment and performance evaluation was a dominant theme in many of the presentations given by industry experts at the Institute of Real Estate Management's (IREM) recently completed 14th annual Asset Management Symposium, held in San Diego.
"Institutional investors have realized that higher yields are more important than diversification," said speaker Richard Kateley, executive vice president of Heitman Financial, ...