Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Revision History For: Have REITs begun a rebound 9/16/98 ???

No earlier versions found for this Subject.

Return to Have REITs begun a rebound 9/16/98 ???

Today all twelve Reits in my portfolio were up, some sharply. WHY?

Two news items

First was a new type of financing that had been worked out between Fed Natl Mort Assn and a REIT that will reduce the borrowing cost compared with traditional REIT bank financing. The news release sounded like other REITS might be able to do this also.

Second was an announcement that PAH (Patriot American Hospitality) will retain paired status. This and MT, another paired type, were up very sharply.

Anyone know if either or both of this is why the rebound?