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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (33917)	3/22/2009 1:26:25 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78744

Whitman went heavily into REIT Bonds after getting clobbered with the commons. Now the RE value fund is almost 50% non us RE companies (mostly Asia). Those in HK particularly tend to have very low leverage (<25%) so they should make it inb almost any scenario. Whether they can prosper is another question altogether of course. Senior Bondholders of REIT's need to know that secured holders or mortgages will come first in the soupline. Obtaining mortgages for CRE >60% LTV is right now pretty difficult because there is so much uncertainty about the "V" part of the equation.