It is interesting to observe the continued roll-up of the REIT sector. We have been expecting more of this since the ING purchase of Summit REIT and anticipate further activity going forward. Read the basics about the Dundee deal as told in the Globe & Mail by clicking here.
The media has fully embraced the commercial real estate industry's current version of the day-time soap opera. One of the hottest topics this week has been the Alexis Nihon REIT ownership battle. Cominar REIT, Summit REIT and Homburg Invest Inc. are all circling the wagons with just shy of 20% ownership each and positioning for what looks like an inevitable take-over. Read the Globe & Mail's view on the situation by clicking here.
For a great snapshot of the existing and developing Global REIT markets, have a read through the recently written article in The New York Times by clicking here.