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The Rise and Fall of REITs?

Traders Magazine, July 1998

Stephen Lacey

Riding the real-estate rebound of the past three years, real-estate investment trusts (REITs) helped keep the new-issues market awash with capital.

But with Congressional legislation designed to tighten tax loopholes on the horizon, REITs have dramatically underperformed in recent months due to investor concerns, several industry analysts disclosed.

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