Wednesday, May 30, 2007

REITs for sale....get your REITs right here!

Deutsche Bank has decided to upgrade its ratings on eight major REITs to "buy" in the wake of the Archstone deal announced yesterday. They also opine, "The deal suggests that any short position is vulnerable to a privatization announcement.'' There has been plenty of shorting of these shares because of the subprime disaster and softness on the residential side. So, will we see Simon, Kimco, Avalon Bay, Boston Properties, etc. going private soon? No deal is too big these days, so it is entirely possible.