|
|
Article: Views Differ on Real Estate Investment Trusts
- Article from:
- THE JOURNAL RECORD
- Article date:
- July 23, 1993
- Author:
CopyrightCopyright 1993 The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
|
By Jeanne B. Pinder
N.Y. Times News Service
Many real estate investment trusts are providing the kind of
returns that would catch any investor's attention. But should
every investor buy?
One expert who says yes is Gregory J. Whyte, first vice
president at Dean Witter Reynolds, a leader in real estate
investment trusts, which are a kind of mutual fund that buys real
estate or mortgages, converts them into securities and passes any
profit on to investors.
"These are great investments for individual investors," Whyte
said. "I'm called every day by people asking, `What should I buy
for widows and orphans?' My response is, `Don't buy one, buy two
or three _ diversify.' But I do think you ...