Real estate investment trusts made a record number of offerings and raised a record amount in 1997, according to data from the National Association of Real Estate Investment Trusts, Washington.

REITs completed more than $45 billion in securities offerings in 1997, according to the trade group. That includes $10 billion in unsecured debt from 134 offerings, up from $4.7 billion in 1996 and $3.4 billion in 1995.

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