“This is a good time to list, it’s a good time to merge and it’s also a good time to sell your assets,” said Kevin Gannon, president and managing director at Robert A. Stanger & Co., a Shrewsbury, New Jersey-based investment bank.
While nontraded REITs from the boom years are seeking exits, new ones are raising money. The industry is estimated to have raised $10.5 billion in 2012, the most since 2007, according to Blue Vault.
“It looks pretty good for the foreseeable future,” Gannon said. “Some of these guys have really got it down to a science.”