REIT IPO Activity Could Pick Up in Late 2018, Lawyer Says

REIT IPO Activity Could Pick Up in Late 2018, Lawyer Says

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Daniel LeBey, partner, capital markets and M&A at Vinson & Elkins LLP, participated in a video interview at REITwise 2018, Nareit’s Law, Accounting & Finance Conference in Hollywood, Florida.

LeBey observed that activity in the REIT initial public offering (IPO) market – and capital markets in general – has been slow, mainly due to the interest rate environment.

“We’ve been through this cycle before and history shows that this doesn’t last forever,” LeBey said. “I feel decent about the outlook for the latter part of 2018,” he added.

Published at Tue, 03 Apr 2018 13:32:13 +0000

Camden CAO Urges Cautious Approach on Identification of Critical Audit Matters

Camden CAO Urges Cautious Approach on Identification of Critical Audit Matters

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Michael Gallagher, senior vice president and CAO at Camden Property Trust (NYSE: CPT), participated in a video interview at Nareit’s REITwise: 2018 Law, Accounting & Finance Conference in Hollywood, Florida.

Last year, the Securities and Exchange Commission (SEC) approved the Public Company Accounting Oversight Board’s (PCAOB) proposed changes to The Auditor’s Report.

Published at Thu, 29 Mar 2018 18:10:15 +0000

Aimco Executive Discusses Implementation of New FASB Standards

Aimco Executive Discusses Implementation of New FASB Standards

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Kristen Naughton, senior director of financial reporting and technical accounting at Aimco (NYSE: AIV), participated in a video interview at Nareit’s REITwise: 2018 Law, Accounting & Finance Conference in Hollywood, Florida.

Aimco is one of the country’s largest owners and operators of apartments, with ownership interests in 180 communities in 22 states and the District of Columbia.

Published at Thu, 29 Mar 2018 18:18:33 +0000

REIT General Counsels Help Set Tone at the Top, Says Former Executive

REIT General Counsels Help Set Tone at the Top, Says Former Executive

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Paula Maggio, former executive vice president, general counsel and secretary at Retail Properties of America, Inc. (NYSE: RPAI) and Strategic Hotels & Resorts, Inc., participated in a video interview at REITwise 2018, Nareit’s Law, Accounting & Finance Conference in Hollywood, Florida.

Maggio commented on the role of a REIT general counsel in contributing to the tone at the top.

Published at Thu, 29 Mar 2018 16:05:38 +0000

Brookfield Property to Buy Remaining Stake in GGP

Brookfield Property to Buy Remaining Stake in GGP

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Brookfield Property Partners LP and GGP Inc. (NYSE: GGP) have reached an agreement for Brookfield to buy the remaining 66 percent share in the mall REIT that it doesn’t already own for approximately $9.3 billion in cash.

In morning trade, GGP shares had dropped from their previous day’s close of $21.21 to a level of $20.31.

Brookfield is the real estate arm of the Canadian-based institutional investor, Brookfield Asset Management. The deal has been endorsed by a special committee of GGP’s board.

Published at Tue, 27 Mar 2018 14:44:33 +0000