Word: marching
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Dates: during 2000-2009
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...investors overreact when they jumped into the sector last March and drove REIT prices up 97% from that trough? Not exactly. REIT valuations were extremely cheap, as the sector had lost 73% of its value from its peak in February 2007. "REITs were priced in the first quarter like they were going bankrupt," says Robert W. Baird & Co. director David AuBuchon. (Read "Commercial Real Estate - the Economy's Anvil...
...this triggered a flurry of dedicated mutual funds, value managers, ETFs and hedge funds to move into the sector in a big way, notes Bilerman. Although the FTSE NAREIT All REIT Index surged 97.6% from the group's trough on March 6, it's still off 50% from its peak in February 2007, according to the NAREIT. So investors are willing to pay up for REITs based on their longer-term outlooks and potential windfall in the distressed real estate market, says Bohjalian. REITs touted as likely buyers in the distressed market are Simon Property Group, Vornado Realty Trust, Boston...
Tibetans attacked Chinese migrants and shops in Lhasa in anti-government riots in March 2008 and torched parts of the city's commercial district...
Lobsang Gyaltsen was sentenced to death for setting fire to two garment shops in downtown Lhasa on March 14 last year, killing a shop owner, according to a spokesman for the Lhasa Municipal Intermediate People's Court, cited by the official Xinhua News Agency in April...
Loyak received the death penalty for setting fire to a motorcycle dealership in Dechen township in Lhasa's Dagze county on March 15 last year, which led to the deaths of five people, Xinhua said. Many Tibetans only go by one name...