PostmodernProphet
fully immersed in faith..
That is not correct. While they do become more volatile in pricing upon going public, it is incorrect to state that they can no longer make money. The properties still produce income and the valuations of the properties can still rise.
dude, I know enough people who set up REITs......when they go public the property is converted with the developer taking all the gains obtained from buying them cheap.....they buy at $30k a unit, then value them at $60k a unit when they transfer them to the public offering.....