Word: advantus
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Dates: during 2000-2009
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...period of declining growth for REITs and commercial real estate," said Goldman Sachs analyst Jonathan Habermann in an October research note. Habermann doesn't expect to see a significant improvement in real estate rents, occupancies and property values until late 2012 at the earliest. Joseph Betlej, vice president of Advantus Capital Management and portfolio manager of the Ivy Real Estate Securities fund, believes it could be late 2012 or even 2013 before office REIT fundamentals bounce back...
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