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Prior to 2 0 0 8 , listed US REITs were required to hold each commercial property they purchased for a minimum of 4 years

Prior to $2008,$ listed US REITs were required to hold each commercial property they

purchased for a minimum of $4$ years in their portfolio before they could sell. After $2008,$

the mandated minimum holding period was reduced to $2$ years. What are the benefits

of this change for listed US REITs? Does it necessarily increase transactional volumes

and market liquidity?

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