Morrison & Foerster REIT co-chair Justin Salon explains the current IPO market for REITS in a Q&A interview with NREI, titled “Will the Scarcity of REIT IPOs Continue for the Rest of 2019?”
NREI reports that, this year, the IPO market for REITs has been “quieter than Wall Street on a Sunday.” Justin told the publication that he’s aware of some other IPOs (in the wings), but says “I think we should expect volume to be down this year. As we get further along in the calendar, investors and others will start to look at what next year looks like and whether now is the right to time to jump into an IPO. To be here in the middle of the year with one completed IPO doesn’t bode well for the year in its entirety and probably suggests that it’s a harder market.”
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