Names To Note
The Ground Game
Pennant Chase
Catch You on the Upside
Inland Real Estate Investment CEO Highlights Dramatic Changes in PNLRs
Mitchell Sabshon, CEO of Inland Real Estate Investment Corp., joined REIT.com for a CEO Spotlight video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Sabshon, who was named CEO in August, described some of the changes he has seen in the public, non-listed REIT (PNLR) sector.
Lawyer sees synergies between listed and non-listed REITs
Judith Fryer, principal shareholder with Greenberg Traurig, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Fryer was asked her opinions on the parallels between traded and non-traded REITs and her concept of the non-listed segment as “incubators” for stock exchange-listed REITs.
Sternlicht to Headline Latest Real Estate Luminaries Event
The next event in the Real Estate Luminaries Series at Georgetown University will feature a conversation with Starwood Capital Group Chairman and CEO Barry Sternlicht.
Mike Kirby, chairman of real estate research firm Green Street Advisors, and Steve Wechsler, president and CEO of NAREIT, will interview Sternlicht as part of the program. The event is scheduled to take place April 23 beginning at 5 p.m. in the Lohrfink Auditorium of the Rafik B. Hariri Building at Georgetown University in Washington, D.C.
Real Estate Sector Roughly at Mid-Cycle, REIT Executives and Analysts Estimate
The real estate sector is roughly at mid-cycle, with low levels of new supply, improving tenant demand, and ample capital supply all expected to support growth in the REIT industry over the next few years, according to industry executives and analysts.
“We’re past the deep distress period and are somewhere in the middle of a recovery in the U.S.,” said Jonathan Gray, global head of real estate at Blackstone, during the NYU Schack Annual REIT Symposium April 8.
Study: TRIA Shielding Taxpayers from Billions in Loss Exposure
Absent the Terrorism Risk Insurance Act (TRIA), another terrorist attack along the lines of Sept. 11 could cost U.S. taxpayers as much as $ 7 billion to cover uninsured losses, according to a study released April 10 by the RAND Corporation.
Meanwhile, a bipartisan group of senators announced a deal on legislation to extend TRIA beyond its current expiration date at the end of 2014. Sens. Charles Schumer (D-NY), Dean Heller (R-NV), Mark Kirk (R-IL) and Jack Reed (D-RI) said April 10 that they had reach an agreement on a bill that would extend the program until 2021.