Economic Development Futures Journal

Tuesday, July 19, 2005

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Nano-REITs

Many economic developers have nanotechnology on the brain. If you are one of them, you might want to look into how the real estate needs of these budding companies is going to be met. REITs, or real estate investment trusts, have been around for a while. Check out this article in the National Association of Real Estate Investment Trusts.

A number of industrial REITs, especially those on the West Coast that target the high technology and bioscience markets, have not only dabbled in the construction of facilities for nanotechnology, but staked out a claim with certain institutions through venture capital investments.

Mission West Properties Inc. (AMEX: MSW), a Cupertino, Calif. REIT that specializes in R&D properties, for the past couple of years has been involved with the San Jose (California) Bioscience Incubator and Innovation Center, which provides well-equipped space for scientists and start-up companies to create new technologies and explore innovations in numerous fields including nanotechnology

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