Real estate investment trusts dominated the North American real estate market in the first quarter of this year, posting almost $1 billion in acquisitions, according to CCIM/Landauer Investment Trends Quarterly.
There were $3.2 billion in real estate transactions between Jan. 1 and March 31, according to CCIM/Landauer, which polls 4,700 real estate appraisers.
Almost half of the money spent by REITs - $473 million - went to buy office buildings, according to the study. Pension funds and limited partnerships were other key first-quarter investors in office buildings, according to CCIM/Landauer.
