Found a REIT.com link that shows capital raised by public REITs since 2001. The numbers are interesting. IPO's are down in 2009, but the year is on pace to have the largest capital raised through secondary (follow-on) offerings in the past 8 years. Seems the REIT space is a good place to be.
http://www.reit.com/portals/0/files/nareit/htdocs/library/industry/HistOff0906.pdf
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