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Even after the buyout of apartment owner Archstone-Smith(ASN Quote), industry watchers believe quality real estate investment trust stocks are still too cheap, which will lead to more privatizations and good opportunities for stock market investors.
Although debt deals for commercial real estate acquisitions are getting more onerous, there continues to exist a profound arbitrage opportunity between REIT stock values and the prices private-equity firms are willing to pay to take companies private.
"I don't think Archstone is a top," legendary real estate investor Sam Zell told investors this week at REITweek, an industry conference held in New York and sponsored by the National Association of Real Estate Investment Trusts. ...
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