Table of Contents
Overview ............................................................................................ 3
Equity offerings push credit spreads tighter .................................. 8
Performance..................................................................................... 10
Funds flows...................................................................................... 15
Market analysis................................................................................ 21
Company summaries....................................................................... 28
Apartments ...................................................................................... 29
Healthcare ........................................................................................ 36
Industrial / Diversified .................................................................... 41
Office ................................................................................................ 45
Retail – local ..................................................................................... 52
Retail – regional ............................................................................... 58
Storage ............................................................................................. 61