| The daily source on REITs and real estate investment |  |
- NAREIT chair: REITs well poised for debt, equity markets
There is plenty of opportunity in commercial real estate and REITs now, says Host Hotels & Resorts President and CEO Ed Walter, who is the new chair of NAREIT. In large part this is due to the robust debt and equity markets, he says. "Admittedly, cap rates are lower, and part of the reason for that is we have both an optimistic outlook on growth and an abundance of capital. When you look at CRE pricing compared to alternate investments, there's a pretty healthy premium." CoStar Group
(1/23)     
- Conference attendees comfortable with CMBS direction
Debt is becoming available to a broader segment of the commercial real estate market, participants at the Commercial Real Estate Finance Council conference said. The B piece is also strengthening. Some reservations were expressed, though. "It seemed like most attendees felt as though the market is headed in the right direction in 2013, but there is still some nervousness," said Marielle Jan de Beur, managing director and head of structured products research CMBS and real estate research for Wells Fargo Securities. CoStar Group
(1/23)
 | 2013 Proxy Disclosure and Current Corporate Governance Standards
Join this complimentary Webinar, January 31, as compensation & corporate governance experts from the FTI Consulting Real Estate Solutions group present an overview of the current state of the corporate governance field, discuss the growing role of proxy advisory firms, and review recent trends, regulatory changes, and how to best prepare for the 2013 proxy season. Register now. |
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| Investment News |  |  |
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| Real Estate Marketplace | | |
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- Starwood to buy LNR for $1.05B
Starwood Property Trust and Starwood Capital Group LLC are buying LNR Property LLC for $1.05 billion.
Starwood Property will pay $856 million for most of the distressed asset manager's business units. That includes LNR's special servicing unit and half of its stake in Auction.com. Bloomberg
(1/24)
| NAREIT News | | |
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| Policy Watch | | |
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- House panel reportedly will release financial-product tax changes
The chairman of the House Ways and Means Committee is expected to release proposed changes to the taxation of financial products, including derivatives, a source said. "Today's marketplace features a wide array of products that can result in different tax or financial accounting treatment of economically similar products, including debt, equity -- and mixtures of the two -- and financial derivatives, such as options, futures, and forward contracts and swaps," Chairman Dave Camp said. Bloomberg
(1/23)
- Dodd-Frank is less than half implemented, GAO says
The Government Accountability Office says in a report that less than half of Dodd-Frank Act rules had been implemented by the end of 2012. The GAO blames the complexity of the task as well as difficult coordination by overlapping and interconnected regulators. "Although regulators have established mechanisms to facilitate coordination ... several regulators indicated that coordination increased the amount of time needed to finalize rulemakings," according to the report. Reuters
(1/23)
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