Merrill Lynch Downgrades Several REITs
Merrill Lynch downgrades Apartment Investment & Management (NYSE: AIV), Boston Properties (NYSE: BXP), Colonial Properties (NYSE: CLP), Corporate Office Properties (NYSE: OFC), Duke Realty (NYSE: DRE), First Potomac Realty (NYSE: FPO), Maguire Properties (NYSE: MPG) and Realty Income (NYSE: O) from Neutral to Underperform.
Apartment Investment and Management Company (Aimco), incorporated on January 10, 1994, is a self-administered and self-managed real estate investment trust (REIT), engaged in the acquisition, ownership, management and redevelopment of apartment properties.
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