Chambers Street Properties (NYSE:CSG) only entered the market back in May. Unfortunately, this was a very bad time for the company to enter the market as a REIT. On May 21st, when Bloomberg’s REIT index touched an all-time high, talk of Federal Reserve tapering started to do the rounds and investors rapidly sold off REITs in favor of relatively risk free treasuries, whose yields had started to rise again. Since then Bloomberg’s REIT index has fallen 12 percent, and this has hit Chambers hard. Luckily, this presents an opportunity as the market has yet to realize the underlying value in…
Chambers Street REIT Offers Value Amid Massive Selloff
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