Thursday, December 20, 2007

Credit Crunch Claims Centro, But Other REITs Look Safe

he credit crunch has certainly slowed things down for the retail real estate industry as evidenced by a drop in deal flow and the scaling back of some announced developments. But this week the situation transformed from an inconvenience to a major threat. Suddenly, one of the largest owners of shopping centers in the United States, Australia-based Centro Properties Trust, is on the verge of collapse unless it can pay down

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source: nreionline.com

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