SINGAPORE (Jan 23): Last  year, real estate investment trusts proved they remained as bankers’ best friends after raising more than $6 bil­lion in secondary issuance alone, and excluding IPOs. In addition, two REIT mergers were completed. OUE Commercial REIT merged with OUE Hospitality Trust and is listed as OUE Commercial REIT. Ascott Residence Trust (ART) completed its merger with Ascendas Hospitality Trust on Dec 31. The mergers, acquisitions and equity issu­ances were all driven by the need for size.

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