Rosen Predicts REIT Downturn

Kenneth Rosen is a very, very smart economist.

That's one reason his prediction about a REIT downturn is so alarming.

But given the strong third quarter results from regional mall REITs--a sector you'd think would be at risk, I'm not sure I see it.

REIT managers certainly aren't selling signals that they think things are going bad. That's at least how I read the fact that 50 REITs have instituted share buyback plans in recent months.

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