KPMG Partner Expects Leasing to Continue After Implementing New Reporting Standard

Kimber Bascom, partner in the KPMG Department of Professional Practice, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Bascom downplayed concerns that the new leases standard will end leasing activity.

“There are many good reasons why leasing activity will continue to go on even after the accounting standards change,” he said.

Kimber Bascom

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BMO Banker Sees Strong Investor Support in Real Estate Capital Markets

Mark Decker Jr., group head of U.S. real estate at BMO Capital Markets, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Decker discussed the state of the real estate capital markets.

“They’re in great shape,” he said. “There’s a lot of access to all the markets. Pick your flavor. If you’ve got a good use for the money, there’s a lot of investor support,” he said.

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W.P. Carey Tax Director Says Resource Constraints a Challenge for REITs

Adam Cohen, executive director of tax at W.P. Carey Inc. (NYSE: WPC), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Cohen noted that one of the main challenges facing REIT tax directors concerns resource constraints.

“There are a lot of demands placed on the tax department, and we’re becoming increasingly integrated with the accounting and finance functions, but we don’t have enough people,” he said.

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NYSE Manager Sees Healthy REIT IPO Pipeline for 2015

Ron Bohlert, manager of global listings at the New York Stock Exchange (NYSE), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Bohlert noted that initial public offering (IPO) activity during 2014 was “incredibly successful for the NYSE.” There were a total of 117 IPOs, which raised a total amount of $ 65 billion. While the Alibaba Group IPO contributed a sizeable portion of that total, “in terms of the number of deals and capital raised, it was still very successful on all fronts,” he said.

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SEC Official Says Stakeholders Like REIT Reporting Practices

Sonia Barros, assistant director of the Division of Corporation Finance at the Securities and Exchange Commission (SEC), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Barros discussed how REITs are performing overall in terms of their SEC reporting. She noted that REITs differ from other industries with respect to their practice of providing information about property operating data in their supplemental packages.

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EPR Properties Broadening Opportunities Under REIT’s New Leadership

Record box-office revenues, long waits at golf entertainment venues and growth in charter schools all point to higher earnings at EPR Properties (NYSE: EPR) this year, according to new president and CEO Greg Silvers.

Silvers succeeds David Brain, who co-founded the company and served as its president and CEO from 1999 until earlier this year. For his part, Silvers has held several positions since joining EPR in 1998, most recently as executive vice president and COO.

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