Commercial RE SOS here REIT CNS

Cohen & Steers (CNS), possibly the largest publicly-traded, long-biased REIT-focused asset manager reported its Q1 results Virtually the entire CNS portfolio is comprised of long REIT positions, which in Q1 lost over 30% of their value (in addition to a massive drubbing in all of 2008). Assets under Management 11.6 bn (15.1 bn) - 23.2% qoq minus 60% yoy $3.4 billion asset depreciation, only $76 million was due to net capital redemptions, a major moderation from the $2.9 billion in redemptions year over year. there is much more here - esp on the recent capital increase http://zerohedge.blogspot.com/2009/04/is-there-reit-reverse-inquiry.html