Lenders' Insatiable Appetite for Commercial Real Estate
Equity Residential's Archstone Buy Reverses Slide in Apartment REITs | by Hui-yong Yu
Bloomberg writes: Sam Zell’s Equity Residential and AvalonBay Communities (AVB) are drawing investors back to apartment stocks four months after their best days looked to be behind them. Their surprise $16 billion deal last week to acquire Archstone Inc. from Lehman Brothers Holdings Inc. ended a plan by the defunct investment bank for an initial public offering of its biggest asset and halted a 13 percent slide in apartment stocks since their July peak.
Read the complete story at the Bloomberg website.