MIAMI—What are the challenges for REITs? What about the advantages? We caught up with Jacob Farquharson, an attorney in the Capital Markets practice in Clifford Chance's New York Office, to get his take on these and other questions. Be sure to check out part one of this exclusive interview, Are REITs Too Volatile or Not?, if you missed it.

GlobeSt.com: What challenges do you see for commercial REITs?

Farquharson: The primary challenges for commercial REITs will be managing their cost of financing and being disciplined in acquisitions.

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