The company is trying to raise funds to enter the mortgage loan business while the market is at its lowest. Real estate investment trusts (REIT) have gotten more popular in 2008 as the market drops.PizzaniMoneyLoriMoneyEBSCO_bspAmerican Banker...
Last year was a transitional period forW. P. Carey(NYSE: WPC). The diversified real estate investment trust (REIT)made a strategic decisionto exit the office sector at the end of 2023. It took the company most of last year to complete that initiative. TheREIT'soffice exit acted as...
Granted, this is a slowdown from the recent past. Economic uncertainty and the U.S. dollar's historic run-up are weighing on revenue and profits. McConnell and company also decided earlier this year toinvest a little of the company's cash into expanding its salesforce. Over the next year ...