Geoffrey Dohrmann is cofounder and CEO of Institutional Real Estate Inc., Walnut Creek, Calif. He’ll speak at TRANSACT ’99 at a session titled “REITs: Challenges of Operating in a Mature Real Estate Environment.” He can be reached at geoffrey.dohrmann@irei.com.
REITs are here to stay, and toward the end of the year, we should see them accelerate their acquisition activity. But the nature of their business is changing dramatically, so hold on to your hat. It’s going to continue to be a wild ride.