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Free Falling

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As expected, markets are continuing to tank in the wake of Standard & Poor's downgrade of the United States credit rating.

Retail REITs are not immune from this. In fact, at a quick glance they appear to be doing worse than some of the broader indices. Regional mall REITs are leading the way down with General Growth, PREIT, CBL having the worst days so far.

blood_bath

Update 4:54 PM

Things didn't get any better in the last hour the market was opened. Here's the final carnage:

bloodbath_update

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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