Moreover, institutional investors are also picking up European REITs as more observers argue that the property values in the U.S. are unlikely to rise much further in the short-term, whereas the Eurozone is still on a road toward recovery.
“As much as we like the U.S. economy right now, you can’t buy U.S. real-estate companies for 20%, 30% discount to their book value,” Marc Halle, global head of real-estate securities for Prudential Real Estate Investors, said in the article.
iShares Europe Developed Real Estate ETF
For more information on real estate investment trusts, visit our REITs category.
Max Chen contributed to this article.