REITs continue spanning the globe
Proponents of real estate investment trusts probably cannot help but feel that 2014 is shaping up to be the Year of the REIT.
In Mexico, where the first REIT was created in 2011, the market appears to be gaining momentum on the strength of international real estate capital flows, a growing domestic pension system, and new entrants preparing to join the ranks.
India is putting the final touches on legislation to create a domestic REIT market that has drawn the attention of The Blackstone Group and Embassy Group, who are sporting a joint portfolio containing more than 20 million square feet of office space in India; their proposed REIT is expected to be valued at about $2 billion. A report from Reuters observed that the creation of REITs will give an attractive investment exit option to Blackstone and