ATLANTA, GA, Feb. 22, 2011 – While the trauma is likely to continue in commercial real estate, that doesn’t necessarily mean REITS will suffer, said Brad Case (lower left photo), senior vice president at National Association of Real Estate Investment Trusts. In fact, REIT should benefit by taking acquiring distressed assets at discounted prices, he added. Case made his comments during a guest appearance on the “The Commercial Real Estate Show,” a national talk radio show hosted by Michael Bull (top right photo) on Biz 1190 WAFS in Atlanta.
“While investors may be forced into a distressed sale, REITS have access to capital and can pick up those properties,” Case said. “To a great extent, the bad news that people read about commercial mortgage defaults and distressed assets amounts to good news for REIT investors.”
Another guest, Jonathan Miniman, senior vice president at ING Clarion Real Estate Investment Management, said “U.S. REITS are expected to have positive earnings growth in 2011 and accelerating in 2012.” The entire show is available for download.
The next “Commercial Real Estate Show” will air Feb. 26 and will focus on asset and property management strategies. Guests will include Victor Calanog, director of research at Reis; Ron Goss, president of the Institute of Real Estate Management; Beth Machen, secretary treasurer of the Institute of Real Estate Management; and Harry Conley, president and CEO of Fifth Street Management Company.
Contact: Laura Dudebout, (678) 642-4301
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