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Tom McNearney of Transwestern McNearney says REITs have “grown to a size where they can justify their own performance in a separate category.”

DALLAS—Sept. 1 marks the beginning of a new era for publicly traded real estate companies, and especially REITs. That’s the day when real estate, long included as a subcategory within the financial sector as part of MSCI’s Global Industry Classification Standard, will become a separate category within GICS.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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