Real estate investment companies here in America have been hit by the earthquake in Japan. The numbers are coming in, and with Japan as a favorite for investment, one company alone is looking at $10 mil in insurance deductibles. There are four real estate investment trusts (REITs) that are impacted as well, by investment in the above mentioned company. There are also several other companies who have not been able to even access their properties, so there are no accounts yet for damage or fatalities.
Below is the link to the full article.
Source:
http://www.reuters.com/article/2011/03/14/japan-quake-realestate-idUSN1425946420110314Author:
Ilaina Jonas