REIT Activity Picks Up Steam in 2010 After Five-Year Doldrum

Property transactions by publicly traded U.S. equity real estate investment trusts (REITs) declined dramatically over the last five years, according to analysis by data and analytics firm SNL Financial's real estate division. But REIT activity is picking up in the opening months of 2010, SNL said, and the sector is gaining steam. In 2005, publicly traded US REITs completed 6,351 acquisitions and 2,812 dispositions, compared to 360 acquisitions and 994 dispositions in 2009. The largest decrease in acquisitions was in the retail/other sector, which declined from 1,720 in 2005 to 65 in 2009, a decrease of 96.2%. The healthcare also saw a deep decline. In that sector, there were 103 acquisitions in 2009, compared to 402 in 2005, a drop of 74.4%.

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