The recovery is stronger than many realize, says Chaim Katzman, chairman of Gazit-Globe and Equity One. His reasoning? Good deals still are very scarce. Katzman has been raising capital and recycling funds through new partnerships in anticipation of more investment opportunities coming to market, he says. "The bid-ask spread is narrowing as more people realize that things aren't as bad as they first thought," he says.

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Source: reit.com

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