Billionaire Investor Says 'Buy REITs'

Summary

  • Steve Schwarzman and John Gray from Blackstone are seeing the best opportunities in REITs.
  • That's because REITs are down sharply even as private real estate values have remained stable for the most part.
  • We can expect more M&A in the near term, and now is a great time to accumulate REITs at large discounts to fair value.

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