Expert Analyses of the following article:
Analysts cautious commercial real estate outlook
Source: www.forbes.com
October 10, 2008Just Like 2001 But Very Different
Author: Kenneth Leonard, Principal, Leonard Associates
The recent Goldman Sachs analysis of the prolonged downturn in commercial real estate is based upon a strict comparison with the 2001 downturn during that recession. Their numbers reveal that the 38 REITs they follow will suffer a total return of NEGATIVE 4.5% Are they for real? What do these young analysts know about what is really happening in the commercial real estate markets? I submit, not very...
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