Foreign hunger for yield forcing REITs to widen their horizons
An influx of capital from foreign investors, including Middle Eastern sovereign-wealth funds and Asian property trusts, has shifted the competitive landscape in Australia, pushing up prices for commercial property and forcing many local real estate investment trusts, or REITs, to expand their horizons in search of yield.
http://www.theaustralian.com.au/business/property/foreign-hunger-for-yield-forcing-reits-to-widen-their-horizons/news-story/ebc304b7119356d1611aadfa78f8c6ca