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Stephen Pincus quoted in "REITs coming to market even if nobody else is", Financial Post

August-29-2012

Lawyer Stephen Pincus
Area REITs and Income Securities

Details

Excerpt from "REITs coming to market even if nobody else is", by Julius Melnitzer:

Compared to the rest of the market, growth of more than 25% is nothing short of remarkable.  But Stephen Pincus, a partner at Goodmans LLP in Toronto, says it would be a mistake to think of REITs' performance this year as a surprise.

"The sector has never ceased being a hot market," he says.  "It only looks like a comeback because just about everything else has gone cold."

Mr. Pincus attributes the REIT market's stellar performance and consistency to a low interest rate environment, aging demographics, and economic and market volatility.

"People are fearful and they're looking for hard assets," he says. "REITs have provided and continue to provide a steady stream of cash flow based on contracts with tenants who are largely creditworthy."

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