www.reit.com US REIT Returns The US REIT market held steady in October. The FTSE NAREIT All REIT Total Returns Index dipped slightly, down 0.33 percent for the month. That bested the broader market, as the S&P 500 dropped 1.85 percent in October. US REITs were up 17.17 percent in 2012 through the end of October, while the S&P 500 had gained 14.29 percent. The infrastructure sector continued its strong performance in 2012, up 5.47 percent in October and 26.19 percent on the year. The commercial financing sector gained 3.13 percent for the month, bringing its 2012 total returns to 39.36 percent. Global REIT Returns: A similar story played out in the international REIT market in October. The FTSE EPRA/NAREIT Global Real Estate Total Returns Index gained 0.80 percent. That brought total returns from international REITs in 2012 to 23.12 percent through the end of October. The European market led the way for the month, climbing 5.48 percent. J-REIT Development: In other international news, with Japan’s government preparing to allow for the listing of health care REITs, lender Shinsei Bank is planning to create a .25 billion health care REIT, according to a Bloomberg report. The REIT may be able to list as soon as 2014, once the government has established guidelines for listing. Japan is home to one of the world’s fastest aging populations, heightening the need for more health care facilities, particularly nursing homes and senior housing. Takashi Fujimura, general manager of

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