Archstone, Gables Residential Trust and AMLI Residential Properties…Public REITs Once Again?
Posted by: admin / Category: US Real EstateIn 2005, ING Clarion Partners bought Atlanta-based Gables Residential Trust for $2.8 billion in cash. That same year, Morgan Stanley Real Estate’s Prime Property Fund announced that it would buy Chicago-based AMLI Residential Properties for $2.1 billion. Then, in October 2007, the big domino fell—a fund of Tishman Speyer and Lehman Bros. bought Denver-based Archstone for $22.2 billion just as the credit crunch was gripping the world.
Now, almost two full years to the day after Tishman and Lehman bought Archstone, the buzz is increasing that some of these companies could find themselves re-entering the public markets.
