Investors Turn to Real Estate
NEW YORK (AP)ÛÓSour on a stork market that been stalled and eonvinel that inflation will pay a p: longed visit, individual inv tors, institutions and corpofgS tions are increasingly turning to real estate.</br></br>ncial Corp., lists these ex*j in I960 today sells for $150 to $700 million in real estate Investments at the end of i960, reasons whv it believes real An industrlal Slte hat reasons wny it neueves real ^ jor jq cen^g a SqUare ^oot</br></br>This was a 10 per cent increase over I960, and company officials forecast another 10 per cent Increase for 1970,</br></br>Real estate, it has been 6h^. served during the last four years of inflation, has been a true hedge against the declin-i ing value of the dollar. The stock market generally has failed to live up to its reputation as a hedge.</br></br>The Dow Jones Industrial Average, for example, stands far below its 1905 high. Urban land prices, however, have been rising at an average rate of 6 per cent a year, according to Chase Manhattan Bank.