Thursday, August 12, 2010
Equity REIT Returns Rise 9.52% in July
ORLANDO, FL--CB Richard Ellis-Orlando reports equity REIT returns rose 9.52% in July, according to the FTSE NAREIT Equity REIT Index.
Total returns for all REIT sectors increased over June's numbers. Year-to-date, the apartment and self-storage sectors lead the way, with industrial and office/industrial mix being the worst performing.
For the first time since the start of the financial crisis in August 2007, U.S. investors own more Treasuries than foreign holders at 50.2%.
Demand is climbing as consumer spending and incomes stagnate and the savings rate reaches the highest level in almost 18 years, 6.4% as stated by Bloomberg.
For a complete copy of the report, please contact:
Ronald J. Rogg, (top right photo) CCIM, Executive Vice President, 407.839.3194, ron.rogg@cbre.com
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