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Multi-family REIT's

March 16, 2009

Analysis of:Are REITs worth it? | money.cnn.com

As a current COO of aClearwater based General Contractor specializing in multi-family renovations I believe that REIT's will have a extremely hard time renovating apartments due to declining abilities to generate additional rent increases to offset the Capital expenditures to upgrade interior/exterior of properties. All majorREIT's such as Equity,United Dominion,Waterton, and others have pulled back Capital dollars for 2009.

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