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.
Austin Ranked as Top Market for Real Estate Opportunities in 2017
Austin, Texas, now offers the most attractive real estate investment and development opportunities of any major U.S. market, according to a survey of industry authorities.
Another Texas market, Dallas/Fort Worth, took second place in the Emerging Trends in Real Estate 2017 survey from PwC and the Urban Land Institute (ULI) released Oct. 26. Portland, Oregon ranked third in the survey of more than 1,800 real estate experts.
Survey Shows Commercial Real Estate Markets Continuing to Firm
Commercial real estate markets are expected to continue to firm in the next three years, albeit possibly not as robustly as during the past three, according to a recent survey of industry economists.
Capital Markets Receptive to REITs
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Keven Lindemann of S&P Global Market Intelligence discussed REITs’ capital raising actives in 2016.
REITs raised 11 percent more capital through the end of 2016’s third quarter than they did in the year-earlier period.
“That’s certainly an indication that the companies in the [REIT] industry have healthy access to the capital markets,” Lindemann said.
How E-Commerce is Changing the Global Industrial Real Estate Market
Consumer-driven e-commerce is pushing demand for modern logistics facilities in new locations around the world.
REIT Bull Market Still Alive, Case Says
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, rebuffed the suggestion that REITs are nearing the end of their market cycle.
“I haven’t seen anyone make an argument that is actually well reasoned and based on empirical data” indicating that the REIT bull market is drawing to a close, Case said. He pointed out that construction activity in the United States remains below average. “A real estate market typically reaches its end when construction is significantly higher than average,” he said.
REITs Improving Liquidity, Fitch Analyst Says
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Steven Marks of Fitch Ratings discussed the firm’s latest research on liquidity in the REIT market and REITs’ access to the capital markets.
Kilroy Realty Founder Jim Kilroy Dies at 94
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 Fall in September
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.
