REIT Valuations Attractive After Large Sell-Off

REIT valuations have become increasingly attractive over the last several months, points out Citiin its recent research report.

Michael Bilerman and the team at Citi believe some compelling NAV discounts across a number of quality assets may attract capital.

Essex bidding for BRE Properties

Citi analysts cite a recent Bloomberg article pointing out that apartment REIT Essex Property Trust Inc (NYSE:ESS) has made a bid for peer BRE Properties Inc (NYSE:BRE) The analysts believe that an ESS/BRE deal would make sense and would clearly benefit from significant operational and G&A synergies to create an approximately $16 billion West...