John Divers, the chief operating officer and chief financial officer at The Community Development Trust, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
REIT Returns Up in March on Encouraging Fundamentals
REIT returns climbed in March and outpaced the broader market as investors remained encouraged by the outlook for fundamentals in the sector, according to analysts.
The FTSE NAREIT All REITs Index had a total return of 1.2 percent in March, while the S&P 500 Index slipped 1.6 percent. The 10-year Treasury note dropped 0.1 percent in the month.
For the year, the FTSE NAREIT All REITs Index is up 4.1 percent, whereas the S&P 500 is up 1.0 percent.
PwC Partner Highlights State Tax Issues Impacting REITs
Sam Melehani, partner at PwC, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Melehani commented on two recent developments at the state level regarding the taxation of REITs. First, he noted that proposed legislation in Hawaii to abolish the dividends paid deduction for REITs has been deferred, pending further study. “Hopefully they’ll decide that there’s a lot more benefit to the REIT than that they get a dividends paid deduction,” he said.
Chicago Deferred Exchange CEO says 1031 Exchanges Play Vital Role for Real Estate
Mary Cunningham, president and CEO of Chicago Deferred Exchange Company (CDEC), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Founded in 1989, CDEC is one of the largest providers of qualified intermediary and exchange accommodation titleholder services for investors looking to structure tax-deferred exchanges under Section 1031.
REITs Generating Better Returns from Going Green
In the latest episode of the NAREIT Podcast, Alok Singh, director for energy solutions with RealFoundations, discussed the results of research into real estate companies’ sustainability platforms.
Research Suggests Apartments Contribute $1.3 Trillion to U.S. Economy
Doug Bibby, president of the National Multifamily Housing Council (NMHC), joined REIT.com for a video interview to discuss research on the economic impact of the apartment industry in the United States.
The NMHC published a report this year indicating that the apartment industry contributes $ 1.3 trillion in economic activity to the U.S. economy every year, which translates into 12 million jobs. That total includes $ 100 billion in construction spending, $ 190 billion in operating apartment communities and $ 1 trillion in resident spending.










