In the latest episode of the NAREIT Podcast, Mark Roberts, head of strategy and research with Deutsche Asset & Wealth Management, offered his thoughts on the near-term outlook for the real estate market.
Single-Family REIT Starwood Waypoint to Merge with Colony American Homes
Single-family REIT Starwood Waypoint Residential Trust (NYSE: SWAY) and Colony American Homes, Inc. said Sept. 21 they have agreed to merge in a stock-for-stock transaction that will create a combined company with $ 7.7 billion in assets.
The new company will own and manage more than 30,000 homes and is expected to achieve estimated annualized cost synergies of $ 40 million to $ 50 million.
Real Estate Outlook Unfazed by Fed Inaction, Observers Say
The Federal Reserve’s decision at its Sept. 17 meeting to keep interest rates unchanged has done little to alter the favorable long-term outlook for the United States’ commercial real estate sector, according to market observers.
Steve Rado, a principal at EY and leader of the firm’s U.S. real estate mergers and acquisitions (M&A) advisory practice, said most long-term real estate investors will continue to favor the asset class.
Monogram Making its Mark on Multifamily Market
Last year was a period of adjustment for Monogram Residential Trust (NYSE: MORE). It changed its name, transitioned to self-management and listed its shares on the New York Stock Exchange.
Monogram, previously known as Behringer Harvard Multifamily REIT I, Inc., a public non-listed REIT, was formed in 2006. Since then, it has assembled a portfolio that includes investments in 54 upscale multifamily properties, consisting of more than 15,000 apartment homes across 11 states.
NexPoint Residential Appealing to Blue Collar Renters
NexPoint Residential Trust’s (NYSE: NXRT) public listing on April 1 capped more than a year of rapid growth in the multifamily REIT’s portfolio.
The Dallas-based REIT focuses on the middle-income rental sector. Matt McGraner, an executive vice president with NexPoint, spoke with REIT.com about the company’s strategy and the outlook for its properties located in the Southeast and Southwest of the United States.
REIT.com: How did NexPoint evolve to where it is today?
Four Quick Questions With Jim Fetgatter, Chief Executive, AFIRE
Confidence Still High in Australian Real Estate
The Property Council of Australia (PCA) is the leading advocate for Australia’s $ 600 billion property industry. Its membership includes counts the bulk of the nation’s major investors, property owners and developers along with the industry’s professional service and trade providers.
PCA Chief Executive Ken Morrison joined the organization in 2014 after a stint as the chief executive of the Tourism & Transport Forum. Prior to that, he held multiple positions with the PCA, including chief operating officer.
EPRA Seeking to Strengthen REITs in Europe
The activities of the European Public Real Estate Association (EPRA) reflect its mission to promote, develop and represent the European public real estate sector.
Philip Charls was named CEO of EPRA in 2007. Charls began his career as a lawyer specializing in European competition law.
Do you think investors in your region have accepted REITs as a viable way to invest in real estate?
Global Expansion of REIT Brand Centered on Variety and Familiarity
BPF Continues Efforts to Educate Policymakers About REITs
The British Property Federation (BPF) is the membership organization for the UK real estate industry, representing all those involved in real estate ownership and investment.
BPF Chief Executive Melanie Leech previously served as the director general of the Food & Beverage Federation for nine years.
Do you think investors in your region/country have accepted REITs as a viable way to invest in real estate?