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John B. “Jim” Kilroy, Sr. died on Sept. 29 at the age of 94, according to multiple media reports.
Kilroy began his career in the real estate industry in 1947 with the founding of Kilroy Industries, which incorporated five years later. The privately held company focused on serving the defense and aerospace industries after World War II.
REITs lost ground in September, as a combination of concerns about interest rate movements, property valuations and new supply appeared to weigh on investors.
The total return of the FTSE/NAREIT All REIT Index dropped 1.4 percent in September, while the S&P 500 index added 0.02 percent.
For the year through Sept. 30, the total return of the FTSE/NAREIT All REIT Index was 12.6 percent, while the S&P 500 posted a total return of 7.8 percent. The yield on the 10-year Treasury note dropped 0.7 percent in the first nine months of 2016.
Paul Dalla Lana steers NorthWest Healthcare Properties toward international growth.
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Jeff Miller, executive vice president and COO of health care REIT Welltower, Inc. (NYSE: HCN), discussed the evolution of the company’s sustainability program and the opportunities for better sustainability practices in the health care real estate sector.
American movies, music and fashion often create the framework for trends in countries across the globe.
