REITweek 2018: Millennial Tenant Base Shaping Office Industry

REITweek 2018: Millennial Tenant Base Shaping Office Industry

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The growing millennial tenant base is reshaping the REIT industry as the demand for amenities continues to evolve, according to companies presenting at Nareit’s REITweek: 2018 Investor Conference.

Rooftop areas, bike storage rooms, and shuffleboard tables are some of the new must-haves, they say.

Mack-Cali Realty Corp. (NYSE: CLI) has seen this amenity-focused trend, driven by millennial-based hiring.

Published at Wed, 06 Jun 2018 14:34:54 +0000

FTSE Nareit All REITs Index Up 3.5% in May

FTSE Nareit All REITs Index Up 3.5% in May

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REIT returns were higher in May as investor concern about the impact of higher interest rates on the sector receded somewhat, according to market watchers.

The total returns of the FTSE Nareit All REITs Index rose 3.5 percent in May, while the S&P 500 rose 2.4 percent. The total returns of the FTSE Nareit Mortgage REIT Index gained 2.7 percent in May.

The yield on the 10-year Treasury note dropped 0.1 percent in May.

Published at Fri, 01 Jun 2018 15:30:32 +0000

REIT Valuation Levels Likely to Result in More Go-Private Transactions

REIT Valuation Levels Likely to Result in More Go-Private Transactions

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Hans Nordby, managing director of CoStar Portfolio Strategy, was a guest on the latest edition of Nareit’s REIT Report podcast.

Nordby discussed some of the main factors influencing REIT valuations and what the sharp disconnect between public and private market real estate values could mean going forward.

Published at Wed, 23 May 2018 18:10:17 +0000