REAL ESTATE: Executives back bill to add REIT option to Fed Thrift plan.(real estate investment trust)

Pensions & Investments, August, 2006 by Jacobius, Arleen

Byline: Arleen Jacobius WASHINGTON - Real estate executives are pushing a federal bill that would add a real estate investment trust investment option to the $186 billion Federal Thrift Plan. The addition of a REIT investment option to the plan - the largest in the nation - could cause other defined contribution plan sponsors to follow its lead, industry executives expect.

"It's visible. It's significant,'' said Abby McCarthy, senior director at NAREIT. "People tend to look at the bigger plans.'' The addition of another group of investors also would broaden and increase the liquidity in the entire REIT market, investment managers say. This would help overcome a recent complaint that the REIT market is not large or liquid enough to accommodate large...

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