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October 13, 2017  

REIT-Bond Issuance Heads for Another Peak

The long-running boom in the REIT-bond market rolled on during the third quarter, making it a certainty that annual issuance will hit a record high for the sixth consecutive year.Driven by still-low interest rates and the need to finance a wave of corporate takeovers and portfolio acquisitions, 53 REITs floated $35.4 billion of unsecured corporate bonds during the first nine months of the year. That was just $1.7 billion shy of the $37.2 billion...

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