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The Nareit All Equity REIT Index rose 5.36% in June and is now up 2.97% year-to-date with almost every property subsector—even the beleaguered office segment—posting strong gains for the month.
JP Morgan Chase and Wells Fargo have upped their reserves in preparation of taking losses tied to loans on office buildings, reports Bloomberg. Blackstone’s non-traded REIT posted its strongest month in more than a year, according to Commercial Observer. These are among the must reads from around the real estate investment world to kick off the new week.
