Deals
REIT Mergers Seen Likely to Accelerate as Activism Climbs
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Mergers and acquisitions by larger real estate investment trusts will increase, probably approaching four to five a year, after a slowdown since the financial crisis, said Michael Kirby, chairman of research firm Green Street Advisors.
Such deals have averaged one annually since 2008, an “unusually quiet” period compared with the prior 15 years, he said during a panel discussion Wednesday at New York University’s Schack Institute of Real Estate’s annual REIT Symposium.