Structured as Real Estate Investment Trusts (REITS), which pool cash to invest in property, they have avoided the sinkingfeeling that has dominated the REIT sector for the past five years.
The scene is apparently a bit like a school disco - and don't pretend you can't remember those vividly - with some institutions talking to several potential partners at once about possible mergers, some openly, some behind the scenes and some with a sinkingfeeling in the stomach and a brave look on their face.
There is perhaps no worse feeling than having your investments sinking and not being able to do a thing about it because of lockup, gates, or other artificial liquidity provisions.