Publicly traded real-estate investors in the U.S. enjoyed a record-breaking year for mergers in 2021, but the war in Ukraine and soaring inflation threaten to slow that deal making in the second half of the year.
Real-estate investment trust mergers and acquisitions as well as stock mergers totaled $140 billion last year, an all-time high, according to Jones Lang LaSalle, a professional services company specializing in commercial real estate