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Real Estate/Development

Jan. 27, 2004

REITs on a Roll

BY CHRIS TOLLES CREJ News Assistant The National Association of Real Estate Investment Trusts' composite drubbed the Dow Jones industrial average and the Standard & Poor's 500 in 2003, a year in which the two major indices saw significant surges.

BY CHRIS TOLLES
CREJ News Assistant

The National Association of Real Estate Investment Trusts' composite drubbed the Dow Jones industrial average and the Standard & Poor's 500 in 2003, a year in which the two major indices saw significant surges.

The NAREIT Composite Index posted a 38.5 percent gain in 2003, doubling the Dow increase.

It was the largest NAREIT index tally since 1976, according to Jay Hyde, vice president of communica...

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