from the CoStar Group | by Mark Heschmeyer | July 31, 2013
Getting To Closing: Unforeseen Hitches Hold Up Deals in Current Office Investment Market
Despite Strong Demand and Liquidity for Office Properties, There Are Always Some Roadblocks To Completing a Deal
Several REITs, including Corporate Office Properties Trust (COPT), Washington Real Estate Investment Trust, Brandywine Realty Trust, and soon-to-be-REIT Empire State Realty Trust all have potential property sales hung up by market vagaries. For one, the challenge is dealing with too many bidders for a property; for others, there are continued tenant consolidations; defense budget cuts; rising interest rates; and finding the right joint venture partner.
To read more , and to learn how Sequestration and Rising Interest Rates are affecting the market, click here.