NAREIT 2009

Last year I attended NAREIT 2008 in San Diego and the mood was particularly bleak.
I recall one day checking my iPhone to see the market (US REIT Index) was down 14% in one day so clearly the mood was somewhat down.

I am currently reading that NAREIT 2009 in Phoenix is UPBEAT.

RBC Capital Markets analysts Rich Moore, Dave Rodgers and Mike Salinsky in a Nov. 12 report offered their thoughts on Day 1 of NAREIT's REIT World conference.

First, they noted the mood among attendees is "upbeat, substantially more so than in either of the past two NAREIT conventions," and that discussions of fundamentals, acquisitions and future opportunities have replaced the previous "obsession" with balance sheet issues.