Mid-America Apartment Communities is buying Colonial Properties Trust in an all-stock deal, expanding its presence in the South and Southwest portion of the U.S.
Some of the names on the move ahead of the open.
U.S. mortgage applications inched higher this month, the Dow Jones real estate index rose 114 percent since the 2009 March lows and foreclosure filings rose 6 percent in February from a year ago, the smallest increase in four years. Is the real estate sector the place to invest again? Jay Leupp, senior portfolio manager at Grubb & Ellis, and Paul Curbo, portfolio manager at Invesco AIM, discussed their sector insights.
The Morgan Stanley REIT Index is up more than 10 percent over the last three months. But will corporate real estate follow residential housing downward? Richard Anderson, senior research analyst at BMO Capital Markets, and Louis Taylor, senior REIT analyst at Deutsche Bank Securities, both agree that some REITs are still ripe for investment.