Fed's Pullback Could Threaten REIT Dominance

Law360, New York (July 22, 2013, 6:24 PM EDT) -- Rising interest rates and hints from the Federal Reserve that the era of cheap money is ending could take the shine off real estate investment trusts' hefty dividends and slow their capital-fueled buying sprees.

Ten-year Treasury yields shot up 25 percent after Chairman Ben Bernanke said last month that the Fed would likely slow its $85 billion-per-month bond-buying program later this year and end it next year if the economy continues to strengthen. These purchases have kept interest rates at historic lows since 2008.

Rates edged...
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