Torres: Public REITs hold advantage in pricing

12/16/2010 | REIT.com

Public companies have the advantage in pricing even as property prices lag because of the state of their balance sheets, says Michael Torres, chief executive officer of Adelante Capital Management. "We are now three to three-and-a-half years off the peak of pricing, and you are starting to see the markets adjust and the demand side adjust," he says.

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