In the the latest episode of The REIT Report: NAREIT’s Weekly Podcast, veteran REIT investor Bob Steers reflected on his experiences launching the first real estate securities mutual fund in 1985 and offered his views on the future of the industry.
Impermissible Tenant Services a Concern for REITs, Westfield Executive Says
Carol Bradshaw, vice president of tax at Westfield Corp. (ASX: WFD), joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
Last Year’s Partnership Provisions Creating Issues, Lawyer Says
Stefan Tucker, a partner at law firm Venable LLP, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
Tucker highlighted some of the more significant tax developments in the area of partnerships for the real estate industry and developers.
Baltimore Announced as CEO of New Hilton REIT
Hilton Worldwide announced April 27 that it has named Thomas Baltimore, Jr. as president and CEO of the new REIT it plans to form later this year.
Baltimore is a co-founder of RLJ Lodging Trust (NYSE: RLJ) and has served as CEO since the company’s initial public offering in 2011. Baltimore’s appointment as CEO of the planned REIT is effective May 16, Hilton said.
EPR Benefitting from Lower Gas Prices, CEO Says
Greg Silvers, president and CEO of EPR Properties (NYSE: EPR), joined REIT.com for a CEO Spotlight at REITWISE 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
EPR Properties holds assets in areas such as entertainment, recreation and education.
Silvers has been at the helm of EPR for the past year, succeeding co-founder David Brain. He remarked that one lesson he has learned in that time is the importance of identifying and retaining highly qualified staff.
FASB Narrowing Business Combinations Guidance, Deloitte Partner Says
Chris Dubrowski, a partner at Deloitte LLP, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
Dubrowski said the Financial Accounting Standards Board (FASB) is working to address differences between how acquisitions of operating properties are treated domestically and internationally.
SEC Decision on Rule 144 Sales Will Save REITs Money, Lawyer Says
Michael McTiernan, a partner at Hogan Lovells LLP, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
McTiernan discussed the Securities and Exchange Commission’s (SEC) recently released no-action letter that will allow holders of shares of a publicly traded REIT that they received in exchange for privately placed units of the REIT’s operating partnership to sell those shares under Rule 144 without having to start a new holding period.
Ashford CEO: Activists Harming Other Shareholders
When it comes to keeping tabs on the lodging industry, it’s hard to match the energy of Monty Bennett, chairman and CEO of Ashford Hospitality Trust (NYSE: AHT) and Ashford Hospitality Prime (NYSE: AHP).
In addition to overseeing more than $ 6 billion in hotel assets across all segments of the industry, Bennett is a prodigious tweeter on all issues pertaining to the companies and the hospitality sector. (You can follow Bennett on Twitter at @MBennettAshford.)
PNLR Market Undergoing Transformation, Lawyer Says
Rosemarie Thurston, a partner at Alston & Bird LLP, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
Thurston leads Alston & Bird’s REITs and real estate funds practice. She moderated a REITWise panel on the public non-listed REIT (PNLR) market.
Digital Realty Dedicated to Cutting Water Usage
In the the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Aaron Binkley, director of sustainability programs at data center REIT Digital Realty Trust (NYSE: DLR) talked about some of the ways that the company incorporates energy efficiency and other elements of sustainability into its operations.