Cautious optimism heading into NAREIT's REITWeek®

05/22/2008 | CoStar Group

The REIT industry was hopeful while analysts remained cautious about the sector heading into next month's REITWeek® 2008: NAREIT's Investor Forum in New York. "We remain concerned about current valuation, slowing fundamentals and the lack of transaction volumes," Goldman Sachs analyst Jonathan Habermann wrote in an investor note last week. The April uptick in the architecture billing index, however, shows the sector may be starting a slow recovery.

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