Michael Kirby, a principal at Green Street Advisors, a research firm specializing in REITs, smells a rat.
Many mall trusts are changing hands these days at significant discounts to their net asset values, or NAVs, says Green Street Advisors, an independent research firm specializing in REITs.
As noted in a recent report from Green Street Advisors, a research firm specializing in REIT analysis, "Selling equity and buying assets, without management rigorously asking 'At what price?,' can bleed shareholder value over the long term".
Take a look at REITs specializing in technology real estate.
So the outlook isn't great for REITs specializing in offices, (see table, below).
REITs specializing in assisted-living and medical office buildings are busy buying.
Most publicly held REITs specialize in specific types of properties apartment buildings, office buildings, hotels, shopping centers, cold storage warehouses or even golf courses.
Largely absent from most analysts' safety lists were REITs that specialize in apartment buildings.
She specialized in musclemen.
