Real Estate Investment SmartBrief

Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/dTxlCfbwoceNleiZVNmO

October 5, 2012

Forward

Archive

Advertise

The daily source on REITs and real estate investment

Top News

Unemployment rate fell to 7.8%, 114,000 jobs added in September
The U.S. economy created 114,000 net new positions as the unemployment rate fell to 7.8% in September, according to the Labor Department. The jobless rate was at its lowest point since January 2009. Reuters (10/5), CNBC (10/5)

Capital Markets

CMBS delinquency rate continues to fall in September
The CMBS delinquency rate fell 14 basis points in September to 9.995, according to Trepp. That follows a 21 basis-point drop in August. CoStar Group (10/3)

Council urges regulators to tighten leverage ratio
The Systemic Risk Council is encouraging regulators to go beyond Basel III rules and tighten the leverage ratio for banks, particularly those with significant derivatives operations. Financial Times (tiered subscription model) (10/4), Reuters (10/5)

Investment News

Retail REITs still delivering solid yields
Retail’s growth strength bodes well for REITs in this space, as well as investors, Brad Thomas writes. The FTSE NAREIT regional mall subsector has an average dividend yield of 2.85%. Forbes (10/5)

Preqin: Private real estate funds raised $9 billion in third quarter
There were small gains in private real estate funding raising in the third quarter, according to Preqin. It reported 26 private real estate funds raised $9 billion, slightly more than the $8.3 billion raised the previous quarter. REIT.com (10/4)

IMN's Financing, Investing & RE Development for Data Centers
With 3 successful conferences attended by over 400 Presidents, CEOs and other senior level data center executives, IMN is looking forward to going up the coast for its San Francisco Financing, Investing & RE Development for Data Centers Forum. For more information: http://www.imn.org/wcdc12. Reference discount code "SB" when registering for 10% savings.

Real Estate Marketplace

Blackstone invests $85 million in SL Green's West Coast portfolio
Blackstone has invested $85 million in SL Green’s 4.5 million-square-foot portfolio of West Coast office buildings once controlled by SL Green and such partners as Square Mile Capital Partners. The portfolio’s valuation is about $850 million. The Wall Street Journal/Deal Journal blog (10/4)

Partners REIT buys 2 retail centers in Canada for $21.9 million
Partners Real Estate Investment Trust is acquiring two retail centers in Montreal for $21.9 million. It is using its expanded credit facility to finance the transactions. Nasdaq.com/RTT News (10/4)

Entertainment continues to be focus for retail REITs
Providing entertainment is a growing focus for many retail centers, especially those owned by REITs. This includes “fun” restaurants and such activities as bowling, miniature golf or ice skating. CNBC (10/4)

NAREIT News

Register Today for REITWorld 2012
REITWorld 2012®: NAREIT's Annual Convention for All Things REIT® brings together REIT and real estate executives, investors, industry leaders, and academic experts in one setting to share their specialized knowledge and experience.

This year, conference sessions will connect macroeconomic data and views with the meaningful perspectives from four market segments: Health Care, Housing, Business-to-Business real estate, and Consumer-Oriented real estate. Attendees will gain understanding and insight into the opportunities, business models and economic drivers from the experienced leadership participating in the event. For more information, including the schedule and participants, visit www.reit.com/reitworld2012.

Track performance of U.S. and global real estate markets
Updated daily, the FTSE NAREIT U.S. Real Estate Index Returns and the FTSE EPRA/NAREIT Global Real Estate Index Returns provide index performance data, industry segment returns and comparisons against other major market benchmarks.

Learn more about NAREIT -> Join NAREIT | Policy & Politics | NAREIT Events | Publications

Policy Watch

Analysis: Obama and Romney avoided some major economic issues
In their first presidential debate, President Barack Obama and Republican challenger Mitt Romney largely ignored some major challenges facing the U.S. economy. Little attention was paid to the eurozone debt crisis, the "fiscal cliff" or housing trouble. The lack of attention suggests policy changes to alter the trajectory of the economy won't be made swiftly no matter who is in the White House, according to this analysis. The Wall Street Journal/Real Time Economics blog (10/4)

Fed policymakers debate specific trigger for end of QE3
Policymakers at the Federal Reserve discussed setting economic targets for triggering the end of the third round of quantitative easing. However, officials did not come to an agreement on specifics, deciding instead that "further work" is needed before making an announcement. MarketWatch (10/4), Financial Times (tiered subscription model) (10/4), The Wall Street Journal (10/4)

SmartQuote

The lure of the distant and the difficult is deceptive. The great opportunity is where you are."

--John Burroughs,
American naturalist and essayist

Subscriber Tools

Print friendly format | Web version | Search past news | Archive | Privacy policy

Advertise

Account Director: Jasmine Rogers (202) 640-4684

Download Media Kit

Read more at SmartBrief.com
A powerful website for SmartBrief readers including:
Industry Home Readers' Choice Search Archive Get this RSS Feed Publish your Press Release Download a SmartBrief Mobile app today


	Recent Real Estate Investment SmartBrief Issues: Thursday, October 04, 2012 Wednesday, October 03, 2012 Tuesday, October 02, 2012 Monday, October 01, 2012 Friday, September 28, 2012			Lead Editor: Liz DeHoff Sales Account Director: Jasmine Rogers Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004