Anybody out there want to buy a real estate investment trust? Earlier this year we described how private equity funds were snatching up REITs to the tune of $103 billion in deals in 2006. We highlighted five REITs, including office REIT Maguire Properties, that seemed like juicy takeover targets.rnThen came the subprime crash. Since February banks have tightened their lending standards, and spreads on commercial mortgage-backed securities,rna common way of funding buyouts, have skyrocketed. None of the REITs we targeted have sold. The sector as a whole has lost 10% since our story ran.
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