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Vornado’s DC Spinoff, Merger with JBG Leading Fresh Crop of Newly Launched REITs

The number of REIT launches has been growing in recent weeks.

The REIT sector may be losing First Potomac Realty Trust (NYSE:FPO), which this week accepted a buyout offer from Government Properties Income Trust (Nasdaq:GOV), but several others are lining up to take its place. In fact, the period since the start of June is shaping up to be the most active period for public REIT launches in more than 13 years. No less than six new entities either have or are expected to expand the REIT ranks.

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