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REIT Gains Face Challenges in 2010

NEW YORK CITY-The REIT market, which seemed dead in 2008, bounced back this year, but 2010 could turn out differently, says a Wall Street Journal report.

By Ian Ritter | Updated on December 30, 2009

NEW YORK CITY-The coming year could prove tough for REITs after bouncing back in 2009 with a 31% benchmark increase after a 38% decline in 2008. This year was so successful that there isn’t much room for REITs to further improve, plus they still have high levels of debt, according to a Wall Street Journal article.

Among the big gainers this year from 2008 were hotels, which rose 69%, and regional malls, moving up 64%. Strip retail centers were the worst-faring sector, dropping 0.7% during the year.

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