Banks are facing a tough market in trying to sell their commercial real estate loans, reports Bloomberg. The GOP and commercial real estate executives are teaming up against a Treasury Department proposal to impose new taxes on REITs, according to...
Flat rent growth in recent months and a higher cost of capital have made even well-capitalized players more cautious.
Office REITs were up 13.3% in July, helping push the FTSE Nareit All Equity Index up 2.0% for the month.