Home > Commercial Real Estate News > Rise of the REITs: Investors can’t get enough of them

Rise of the REITs: Investors can’t get enough of them


Financial Post | Business

REITs, REITs and more REITs: it seems investors can’t get enough of the yield-generating investment. One indication of that: REITs accounted for about 17% of all the equity financings in Canada last year and the first equity financing this year has been by a REIT.

To satisfy the demand, issuers are coming from far and wide. Consider recent filings for two planned initial public offerings, both of which are based on assets largely not based in Canada:

• American Hotel Income Properties REIT LP is planning to raise capital to acquire a portfolio of 32 hotel properties located in 19 U.S. states. The issuer is seeking about $75-million, which together with a term loan for $70-million will be used to purchase the properties, scattered from New York in the east, to California in the west to Texas in the south home to almost 2,600 rooms.

• Agellan Commercial REIT. After…

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