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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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