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- "Fiscal cliff" concerns ease among global investors
Optimism that the U.S. budget debate will eventually lead to avoidance of the "fiscal cliff" prompted investors to increase equity overweight positions to a 20-month high in November in Europe and the U.S., according to a Reuters poll. "All eyes are now on the fiscal cliff, where a muddling-through until the end of [the first quarter] can be expected," said Boris Willems, a strategist at UBS Global Asset Management. Reuters
(12/4)
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- U.S. REITs dipped in November
Returns for U.S. REITs dropped in November, according to the FTSE NAREIT U.S. Real Estate Index series. It showed that total returns of equity REITs were down 0.27% for the month, while all REITs were down 0.29%. The fiscal uncertainty may be driving that trend, says Alexander Goldfarb, managing director and senior REIT analyst with Sandler O'Neil and Partners. NAREIT's Brad Case says REITs are still outperforming the larger market. REIT.com
(12/4)
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- Theiler: Hospitals might be next to follow consolidation trend
The health care real estate industry benefited from fragmentation and the low cost of capital, which led to a consolidation in senior housing and skilled nursing, said Jeff Theiler, analyst with Green Street Advisors, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. Next he predicts consolidation among hospitals. "That might be a few more years down the road, but that might be the direction it goes in." REIT.com
(12/4)
- Kok: U.S. improves global ranking for energy-efficient buildings
The U.S. is catching up to other countries in terms of energy efficiency in buildings, said Nils Kok, professor at the University of California-Berkeley, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. Kok is also the founder of the Global Real Estate Sustainability Benchmark. "The leaders in the U.S. actually aren't far behind the leaders in other regions, if they're not the same or better," he said. "The average performance in the U.S. is similar to Europe and Asia. Australia is still leading the pack." REIT.com
(12/4)
- Duncan: Industrial continues with steady progress
The industrial real estate space continues to make steady progress, said Bruce Duncan, president and CEO of First Industrial Realty Trust, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "The world economy is getting better. Markets are absorbing industrial space," he said. REIT.com
(12/4)
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