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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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.

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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.

Sam Melahani

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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.

Chicago Deferred Exchange Company

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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.

Doug Bibby

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