Office REITs: Housing Innovation
NAREIT Announces 2017 Leadership Team
NAREIT has announced the election of its 2017 officers, as well as the members of its Executive Board, Advisory Board of Governors, and Audit and Investment Committee.
NAREIT’s new Chair is Timothy Naughton, chairman and CEO of AvalonBay Communities, Inc. (NYSE: AVB). Naughton takes over from Edward Fritsch, president and CEO of Highwoods Properties, Inc. (NYSE: HIW).
REIT Shares Continue to Slide Through October
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said that REIT shares continued to decline in October, but added that economic fundamentals continue to support the sector.
REITs Under Pressure in October
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said that despite market weakness in October, economic fundamentals continue to support the sector.
The total returns of the FTSE/NAREIT All REIT Index dropped 4.9 percent in October, while the S&P 500 index lost 1.8 percent.
“It was a very poor month in October,” Case observed. “The last three months have been weak for investors in all segments of the equity markets,” he added.
Keys to Successful Succession
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Camille Lee and Dominic Cottone of Ferguson Partners discussed keys for succession planning in REIT leadership.
Year-to-Date, FTSE/NAREIT All REIT Index Up 7.1%
REIT share prices came under pressure in October with concerns of rising interest rates bearing down on the market, according to analysts. However, REIT returns continued to lead the S&P 500 through the first 10 months of the year.
The total returns of the FTSE/NAREIT All REIT Index dropped 4.9 percent in October, while the S&P 500 index lost 1.8 percent.
REITs Continue to Beat S&P 500
REIT share prices came under pressure in October with concerns of rising interest rates bearing down on the market, according to analysts. However, REIT returns continued to lead the S&P 500 through the first 10 months of the year.
The total returns of the FTSE/NAREIT All REIT Index dropped 4.9 percent in October, while the S&P 500 index lost 1.8 percent.
Vornado Spinning Off Assets in Washington, D.C.
Vornado Realty Trust (NYSE: VNO) said Oct. 31 it plans on merging its Washington, D.C.-area properties with select assets of The JBG Companies, a real estate firm based in Chevy Chase, Maryland.
The new, combined company will become a publicly traded REIT known as JBG SMITH Properties. The transaction is valued at approximately $ 8.4 billion, and is expected to be completed in the second quarter of 2017.
More Real Estate Consolidation “Inevitable”
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, longtime REIT analyst Rich Moore offered his opinions on the future of REITs and real estate investment.