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REIT IPOs Flounder As Investors Remain Skittish

Law360, New York (April 25, 2012, 3:12 PM EDT) -- The real estate market is on the mend and capital market conditions are showing improvement, but one further indication of recovery in the sector has yet to materialize, puzzling some real estate lawyers.

Under current conditions, private real estate investment trusts would be expected to be tapping the markets and launching initial public offerings, attorneys say. But so far, IPOs for REITs have mysteriously been in short supply.

Brookfield Realty Capital Corp. joined a growing list of REITs that have withdrawn their IPOs, when it took...
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