Tanger Factory Outlets Planning Development in Forth Worth

Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced March 16 that it plans to build a new Tanger Outlet Center serving Fort Worth, Texas, and the surrounding metro areas.

The site will be located adjacent to the Texas Motor Speedway. The company estimates the project will create more than 400 full and part-time jobs during the construction phase and more than 900 full and part-time jobs once the new outlet center opens.

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Study Highlights Sustainability Benefits of Brick-and-Mortar Shopping

Brick-and-mortar shopping represents a better sustainability performance compared to online shopping, according to a new white paper released by Simon Property Group (NYSE: SPG).

The study, conducted by Simon in conjunction with Deloitte Consulting, created a “cradle-to-grave” Lifecycle Analysis (LCA) that examines the environmental impact of all material, energy and fuels attributable to a product in its lifecycle.

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Property Values Nationwide Edge Higher In February

Property values nationwide increased 0.4 percent in February as measured by the FTSE NAREIT PureProperty Index Series.

Brad Case, NAREIT’s senior vice president for research and industry information, noted that February was marked by “a marginal increase in property values, even though we saw a marginal decline in total returns for REITs.” The total returns of the FTSE/NAREIT All REIT Index fell 0.3 percent in February.

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NAREIT T-Tracker Shows FFO Gains in 4th Quarter

In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, said NAREIT’s T-Tracker series points to solid operating performances by REITs in the fourth quarter of 2015.

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