Apartment, Health REITs to Rebound First

This is a company that's already been through this situation before and weathered the storm. You have a proven management team, quality assets and a region whose growth will likely mirror that of the overall nation.

What part of commercial real estate would you avoid?

Leupp: The suburban office space market will continue to struggle for a while. I think it is going to be four to five years before suburban office space fundamentals recover. That's a much different area than high-quality, business-district office assets. That's an area in the secondary and tertiary markets. It's going to be a long time before landlords have pricing power in the suburban office market and can demand even modest rental increases as leases expire and new tenants show up for space. The recovery there is going to be slow and sluggish.

-- Reported by Gregg Greenberg in New York.

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