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A plan to roll the Empire State Building into a real estate investment trust is a whisker away from obtaining the necessary investor approval for a stock offering allowing the public to own a piece of the iconic skyscraper, according to a...
May 16, 2013 1:54 AM
RESORTS group Banyan Tree may spin off its hotels in South- east Asia into a real estate investment trust (Reit) after the hospitality Reit industry matures further, said executive chairman Ho Kwon Ping yesterday.
Reit Index (AMEX: VNQ) closed Tuesday's trading session at $76.74. In the past year, the ETF has hit a 52-week low of $60.14 and 52-week high of $76.95. Reit Index (VNQ) has been showing support around $76.21 and resistance in the $77.21 range....