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- CMBS 2.0 for Europe has been finalized
The Commercial Real Estate Finance Council Europe has finalized its so-called CMBS 2.0 draft set of principles. The best practices scale back some of the looser underwriting and structuring practices that were common before the crisis. It focuses on six topics: investor disclosure, revenue extraction, investor identification, transaction counterparties and their role, and structural features. Reuters
(11/14)     
- FTSE, NAREIT, USGBC to launch green property indexes
FTSE Group, NAREIT and the U.S. Green Building Council will launch a new family of green property indexes in the first quarter of 2013. The indexes will be made up of REITs that own green buildings. The indexes are being developed in response to growing demand for this information from institutional and retail investors. GlobeSt.com
(11/14)
 | IMN's Western Non-Traded REIT Industry Symposium
IMN's Western Non-Traded REIT Industry Symposium - the meeting place for the Non-Traded REIT and Broker/Dealer community in the West - brings together the top executives to discuss the issues heading the industry's agenda. Learn more here. Don't forget to use the discount code "SB" when registering for 10% savings. |
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- REITs step forward for their Leader of the Light Awards
AvalonBay Communities took the Large Cap award and Post Properties took the Small Cap award for the residential sector of NAREIT's annual Leader in the Light Awards. Brookfield Office Properties received the Large Cap award and Thomas Properties Group the Small Cap award for the office sector. In retail, Simon Property Group and Equity One received Large Cap and Small Cap awards, respectively. REIT.com
(11/14)
- Technology, consumer confidence benefit many REITs, panelists say
REITs focused on consumer spending are benefiting from steady incomes among their base, along with new technology that is changing behavior, panelists at REITWorld 2012: NAREIT's Annual Convention for All Things REIT said. Robert Taubman, chairman, CEO and president of Taubman Centers, said that customers are not in fear of losing their jobs. The advent of Internet-based search has benefited the self-storage industry, said Spencer Kirk, chairman and CEO of Extra Space Storage. In the retail sector, the Internet has given multichannel stores a boost, said Daniel Hurwitz, president and CEO of DDR. REIT.com
(11/14)
- Multifamily REIT executives: Single-family recovery good for our sector
Multifamily REIT executives are not worried about the resurgence of the single-family market, according to panelists at REITWorld 2012. "A strong single-family recovery is good for job growth and multifamily," said Terry Considine, chairman and CEO of Aimco. "As it recovers, it can be an important boost for the economy." REIT.com
(11/14)
- Campo: Factors behind recent multifamily performance
There are some misconceptions affecting multifamily REIT performance, says Ric Campo, chairman and CEO of Camden Property Trust. The market believes it is an either-or situation, where single-family housing does well so multifamily housing cannot. Also, "the idea is that people are going to move out of apartments to buy a house. That's just not the case. Moving out to buy a house is really a demographic issue and a lifestyle issue, not an issue of dollars and cents. People don't get that." REIT.com
(11/14)
- Brain: EPR plans for $300M in acquisitions for 2013
EPR Properties, which has been rebranded from Entertainment Properties Trust, is planning to make $300 million in acquisitions next year, similar to what it did in 2012, David Brain, president and CEO, said at REITWorld 2012: NAREIT's Annual Convention. He also spoke of the rebrand and why it was necessary: "We've developed the company beyond just a particularly cinema and limited entertainment focus, spanning now into the education and recreation areas in which we're investing. It was time to expand the identity of the company to conform with the portfolio we're developing." REIT.com
(11/14)
- Paolone: Retail's performance still going strong
Retail, particularly the regional shopping center sector, has done very well in the second half of 2012, says Anthony Paolone, REIT analyst with J.P. Morgan.
"As we look ahead to next year, we think the mall space will continue to do well. The fundamentals are there for them," he said. REIT.com
(11/14)
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