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SAN DIEGO-With wide-open access to equity and debt this year, some analysts say there is too much capital being raised for REIT investment, according to a panel this week on capital markets during NAREIT’s REITWorld trade conference here. The panel, moderated by Edward Walter, president and CEO of Host Hotels & Resorts Inc., revealed that inexpensive debt is causing more borrowers to fill in the spaces with equity and unsecured debt, and product is being priced aggressively.

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