Bringing the Super Bowl to his hometown and designing cutting-edge apartments are part of the job for Camden Property Trust’s Ric Campo.
Camden Heads for the Goal Line
Forest City Enterprises Reveals Plans to Operate as a REIT
Forest City Enterprises, Inc., (NYSE: FCEA) said Jan. 13 that its Board of Directors has approved a plan for the company to operate as a REIT beginning in 2016.
Publicly traded since 1960, Forest City currently has C-Corp status and is considered a real estate operating company (REOC). The company’s portfolio is focused on urban real estate assets in the office, retail and apartment sectors.
The announcement boosted the price of Forest City stock. After closing Jan. 13 at $ 22.21, Forest City shares closed at $ 24.72 on Jan. 14.
Obama Signs TRIA Extension Into Law
President Barack Obama on Jan. 12 signed legislation into law to reauthorize the Terrorism Risk Insurance Act (TRIA) through the end of 2020.
Congress adjourned in December without passing a bill to extend the TRIA program, which stalled in the Senate following the addition of an unrelated provision. The program expired at the end of 2014; however, upon returning to work on Jan. 6, the House of Representatives and Senate quickly went to work on a reauthorization bill.
U.S. Still Premier Location for Global Real Estate Investors, Survey Shows
Global investors continue to view the United States as the most stable and secure destination for real estate investment, according to a survey from the Association of Foreign Investors in Real Estate (AFIRE).
Germany ranked second and the United Kingdom was voted third in terms of the most attractive markets for cross-border investment.
Analysts See Solid Returns for REITs in 2015
Although unlikely to match the returns of 2014, positive fundamentals have REITs in position to sustain a solid performance in 2015, according to market observers.
The FTSE NAREIT All REITs Index had a total return of 27.2 percent for 2014, compared to a return of 13.7 percent for the S&P 500 Index.
“It was a pretty sensational year for REITs,” said Rich Moore, managing director at RBC Capital Markets. “Going forward, you’re going to have a positive year on the fundamentals side, no question about it.”
STORE Capital CEO Says Going Public Provides Efficient Cost of Capital
In the latest episode of the NAREIT Podcast, Christopher Volk, president and CEO of STORE Capital (NYSE: STOR), discussed the REIT’s IPO in late 2014 and the transactions market in the net lease sector.
TRIA Extension Headed for Obama’s Signature After Senate Passage
The U.S. Senate passed the “Terrorism Risk Insurance Program Reauthorization Act of 2015” (H.R. 26) on Jan. 8 by a vote of 93-4. Following passage of the bill in the U.S. House of Representatives by a vote of 416-5 on Jan. 7, the Senate vote clears the way for President Obama to sign the bill into law and reauthorize the Terrorism Risk Insurance Act (TRIA) through 2020.
House Passes TRIA Extension
One day after the new session of Congress convened, the U.S. House of Representatives passed a bill on Jan. 7 to reform the Terrorism Risk Insurance Act (TRIA) and reauthorize the program for six years through 2020.
The “Terrorism Risk Insurance Program Reauthorization Act of 2015” (H.R. 26), which passed by a vote of 416-5, is identical to legislation (S. 2244) that was overwhelmingly passed by the House in December by a vote of 417-7. That bill died when the Senate failed to consider the measure before the last session of Congress adjourned.
Houses Passes TRIA Extension
One day after the new session of Congress convened, the U.S. House of Representatives passed a bill on Jan. 7 to reform the Terrorism Risk Insurance Act (TRIA) and reauthorize the program for six years through 2020.
The “Terrorism Risk Insurance Program Reauthorization Act of 2015” (H.R. 26), which passed by a vote of 416-5, is identical to legislation (S. 2244) that was overwhelmingly passed by the House in December by a vote of 417-7. That bill died when the Senate failed to consider the measure before the last session of Congress adjourned.
Investors Real Estate Trust CEO Says Bakken Oil Field Boosting Growth
Timothy Mihalik, president and CEO of Investors Real Estate Trust (NYSE: IRET), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Investors Real Estate Trust operates a diversified portfolio of properties in the multifamily, office, health care, retail and industrial sectors. Its properties are located throughout 12 states in the Midwest.
