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March 7, 2013
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The daily source on REITs and real estate investment

  Top News 
  • House passes interim measure to avert U.S. government shutdown
    The House of Representatives passed a bill in a 267-151 vote that would fund U.S. government programs through Sept. 30, to avoid a shutdown March 27. Some attendees of a dinner meeting between President Barack Obama and Senate Republican leaders are more optimistic that Democrats and Republicans can reach an agreement on the budget and debt. Reuters (3/7), USA Today (3/6), The Hill (3/6) LinkedInFacebookTwitterEmail this Story
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  Investment News 
  • American Tower brings to market $1.8B ABS
    American Tower sold $1.8 billion of asset-backed securities on Wednesday, refinancing a $1.75 billion transaction from 2007. The offering, the largest ABS outside of the auto-loan sector in four years, is backed by 16,765 leases on 5,195 wireless communication sites. The Wall Street Journal (3/6), Bloomberg (3/6) LinkedInFacebookTwitterEmail this Story
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  Real Estate Marketplace 
  • Nontraded REITs step into the deal spotlight
    Nontraded REITs are grabbing an increasingly growing share of the commercial real estate deal transaction pie, as they seek to utilize money raised from investors. Many of these companies raised capital during the peak years of 2006 and 2007 and will need to find exits soon for investors. "There will be mergers and acquisitions, there will be IPOs, and there will be secondary offerings," predicts Daniel Goodwin, chairman and CEO of Inland Real Estate Group. Bloomberg (3/7) LinkedInFacebookTwitterEmail this Story
  • Institutional ownership of single-family homes continues to rise
    The single-family home housing market is attracting institutional investors of all types from private-equity to private REITs to public REITs. American Homes 4 Rent just announced it would go public. Blackstone Group LP and Colony Capital LLC both have formed private REITs to target this space. CoStar Group (3/6) LinkedInFacebookTwitterEmail this Story
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  Policy Watch 
  • SEC reportedly meets with IRS about money market funds
    The Securities and Exchange Commission sought input from the Internal Revenue Service over the tax effects of floating share prices in money market mutual funds, sources say. The meeting may suggest that the SEC is getting ready to produce a more comprehensive proposal to change the operations of money market funds. Bloomberg (3/7) LinkedInFacebookTwitterEmail this Story
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