Real Estate Trends

A look at the real estate investment trust market:

Value of REIT Assets in Los Angeles County

By property sector, as of Sep. 30

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Value of assets, Number of Sector in millions of dollars properties Office $2,359 84 Retail $1654 57 Industrial/self-storage $887 125 Other $501 8 Hospitality $439 16 Apartment $387 26 Total $6,226 316

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Office: 38%

Industrial/self-storage: 14%

Other: 8%

Hospitality: 7%

Apartment: 6%

Retail: 27%

REIT Acquisitions in Los Angeles County

By property sector, for third-quarter 1997

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Value of assets, Number of Sector in millions of dollars properties Office $332 12 Retail $159 2 Industrial/self-storage $96 23 Apartment $89 4 Hospitality $13 1 Total $688 42

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Office: 48%

Industrial/self-storage: 14%

Apartment: 13%

Hospitality: 2%

Retail: 23%

National Trends

Office buildings and retail properties were the favored REIT investments in the third quarter, representing about 60% of all acquisitions. Office buildings have been the pacesetter for the entire year. A look at third-quarter acquisition figures:

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Value of acquisitions, Sector in millions of dollars Office $332 Retail $159 Industrial/self-storage $96 Apartment $89 Hospitality $13 Total $688

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Office: 32%

Hospitality: 13%

Apartment: 10%

Industrial/self-storage: 10%

Other: 9%

Retail: 26%

Source: Alliance Capital/CB Commercial