Real estate investment trusts- aka REITs- are in the news. Year-to-date through November 20, global REITs, as represented by the S&P Global REIT index, returned 19.2%, which made them the best performer among the 14 global asset classes we track. On November 19, Paramount Group, an American REIT with commercial properties in New York City, San Francisco and Washington, D.C., raised $2.3 billion in an initial public offering, which made it the largest US REIT IPO on record.
Real estate investment trusts- aka REITs- are in the news. Year-to-date through November 20, global REITs, as represented by the S&P Global REIT index, returned 19.2%, which made them the best performer among the 14 global asset classes we track. On November 19, Paramount Group, an American REIT with commercial properties in New York City, San Francisco and Washington, D.C., raised $2.3 billion in an initial public offering, which made it the largest US REIT IPO on record.
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