Banks may be helped with their thornier real estate problems by an interesting paradox that has unfolded on Wall Street.

In the mid-1980s, with both real estate and the stock market approaching new heights, the time looked right for a boom in real estate investment trusts (REITs). Unlike limited partnerships, REITs offered investors a chance to participate in real estate without sacrificing liquidity or worrying about the IRS challenging the tax shelter element.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.