Economists See Strong U.S. Fundamentals Boding Well For Real Estate

Economists See Strong U.S. Fundamentals Boding Well For Real Estate

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U.S. real estate likely will continue to benefit from strong fundamentals, but the high valuations of properties across all sectors will make it harder this year to see any big gains in prices, according to Nareit’s recent conversations with a group of five leading economists.

Published at Wed, 17 Jan 2018 17:56:33 +0000

HPET Preserving Affordable Housing as Competition Intensifies

HPET Preserving Affordable Housing as Competition Intensifies

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A typical tenant at the Courtyard at Encanto in central Phoenix is a single mother working as a home health care aide. She makes about 51 percent of area median income in a neighborhood that is undergoing rapid gentrification.

Housing Partnership Equity Trust (HPET) purchased the 160-unit Courtyard at Encanto in conjunction with Chicanos por la Causa (CPLC), one of Arizona’s largest community development corporations (CDCs), in 2017. For Anne McCulloch, president and CEO of HPET, serving the needs of such tenants embodies the mission of the social-purpose REIT.

Published at Thu, 18 Jan 2018 14:56:37 +0000

Prologis Increasing Permitted Land Sites for Build-to-Suit Development

Prologis Increasing Permitted Land Sites for Build-to-Suit Development

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Industrial REIT Prologis, Inc.’s (NYSE: PLD) supply of permitted land sites in global locations means it can continue to meet the increasing demand for build-to-suit development activity in 2018, according to Michael Curless, the company’s chief investment officer.

Published at Tue, 16 Jan 2018 17:40:00 +0000

Self-Storage REIT Outlook Remains Positive, Green Street Analyst Says

Self-Storage REIT Outlook Remains Positive, Green Street Analyst Says

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Ryan Burke, an analyst at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.

Burke discussed the performance of the self-storage sector and its long-term outlook.

“Despite near-term pressures, we continue to think the long-term outlook is pretty good,” Burke said. However, he added that he expects some softening of the “very easy and supportive operating environment” that self-storage REITs have experienced in the past several years.

Published at Thu, 11 Jan 2018 19:23:18 +0000