In The News

A Critical Look at REIT IPOs


24 Jul 2019

In an article titled “A Critical Look at REIT IPOs,” Forbes quotes Morrison & Foerster REIT co-head Justin Salon on the current REIT initial public offerings landscape. Justin’s comments first appeared in an article he wrote for Forbes Real Estate Investor, which ran in the latest issue of the newsletter.

Forbes points out that the number of REIT IPOs has fallen since 2013. Justin says, "The reasons for the decline in REIT IPO volume are varied and subject to different interpretations. Based on feedback from some of the largest investment banks covering the REIT space, smaller IPOs may continue to face headwinds unless the investment thesis for those deals is truly differentiated. Otherwise, many institutional investors may elect to continue to initiate or maintain positions in existing well-established REITs."

Read the full article.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.