Roundup: REITs, Dominion and Freddie
*Shares of real estate investment trusts ended mostly lower yesterday, part of the markets' general fall. Host Hotels & Resorts of Bethesda was down 2.1 percent, to $16.86
But shares of apartment REITs took an even bigger hit on a report from a Lehman Brothers analyst who said the state of the economy and job markets are not good for rents.
Shares of AvalonBay Communities of Alexandria fell 4.5 percent, to $97.66
*Dominion Resources said it's going to develop a 300-megawatt wind generation facility about 25 miles southeast of Springfield, Ill. The 25,000-acre wind farm would have 150 to 200 turbines, the Richmond company said.
*Freddie Mac of McLean said it will provide information about the mortgage securities it guarantees, such as whether a borrower's income, assets and employment were documented, combined loan-to-value ratios and mortgage insurance percentages. It plans to start in June.
Please email us to report offensive comments.
The comments to this entry are closed.