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60. Which of the following is not true of REITs? a. REITs total assets started growing in 1974 and peaked in 1984. b. FREITs have

60. Which of the following is not true of REITs?

a. REITs total assets started growing in 1974 and peaked in 1984.

b. FREITs have a fixed life.

c. A real estate recession caused many REIT failures.

d. REITs rebounded with low interest rates and real estate revival of 1984 and low interest rate periods.

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