In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, rebuffed the suggestion that REITs are nearing the end of their market cycle.
“I haven’t seen anyone make an argument that is actually well reasoned and based on empirical data” indicating that the REIT bull market is drawing to a close, Case said. He pointed out that construction activity in the United States remains below average. “A real estate market typically reaches its end when construction is significantly higher than average,” he said.
