It has been a brutal year for publicly traded commercial real estate owners on Wall Street, so much so that an ignominious milestone was reached for the first time in more than two decades.
No companies have filed to become a public real estate investment trust in 2022, the first time that has happened since 2001, a spokesperson for REIT industry group Nareit confirmed to Bisnow.The industry has faced gale-force headwinds, due in large part to the Federal Reserve’s aggressive interest rate hikes. The FTSE… Read the full story here. |