Commercial property transaction volume is expected to reach $ 430 million by 2016, a 21 percent increase from 2013 and the highest level seen since 2007, according to a survey from the Urban Land Institute (ULI) and tax and advising firm EY.
Hans Nordby, chief economist with CoStar, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Nordby was asked for his thoughts on sectors within the REIT industry that he expects to outperform. Of the “four major food groups” in the REIT market, Nordby singled out the industrial sector as the one that looks most promising in the near term.
Cicely LaMothe, senior assistant chief accountant in the Securities and Exchange Commission (SEC) Division of Corporate Finance-Real Estate, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Returns on equity REITs far outpaced gains seen in the broader market during the first quarter of 2014, and analysts expect solid fundamentals to continue to support the sector.
Total returns for the FTSE NAREIT Equity REITs Index gained just under 10 percent in the first quarter, compared with the 1.8 percent gain seen in the S&P 500 Index in the same period. Gains for the FTSE NAREIT All REITs Index stood at 8.6 percent in the first quarter.
REIT returns softened in March compared with the first two months of the year.