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Investors should not confuse the housing slowdown and subprime mortgage woes with the performance of equity real estate investment trust companies (REITs), two analysts told CNBC’s Melissa Francis on “Closing Bell.” “The mortgage REITs can be pretty dicey, but the commercial REITs that own the properties directly are really facing a very different set of dynamics than what you’re seeing on the homebuilding and single family side of the market,” said Louis Taylor, senior REIT analyst at Deutsche Bank.
REITs have been on a tear. Although glamorous properties are attracting attention from private equity, warehouse properties have been the standouts for investors. The world's largest industrial REIT is Prologis and today--the company announced an expansion of 3.3 million square feet of warehouse space in China, where it is already something of a trailblazer in the sector.