In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Lea Overby, a managing director with Morningstar Credit Ratings, analyzed how the rise of the co-working trend is affecting the office real estate sector and commercial mortgage-backed securities (CMBS).
Real Estate Executives Favor Industrial, Infrastructure, Multifamily Sectors in 2017
Commercial real estate executives are upbeat on industrial, infrastructure and multifamily asset classes for 2017, according to the 2017 Real Confidence Executive Index from Altus Group, in partnership with NAREIT and the National Council of Real Estate Investment Fiduciaries (NCREIF).
Broadstone Real Estate Co-Founder Norman Leenhouts Dies at Age 81
Broadstone Real Estate, LLC on Jan. 9 announced the death of co-founder and senior advisor Norman Leenhouts. Leenhouts, who died at his home on Jan. 7, was 81.
In 2006, Leenhouts co-founded Broadstone Real Estate with his daughter, Amy Tait, and her husband, Bob Tait. He served as chief investment officer of Broadstone Real Estate and as an officer and director of the firm’s two private REITs, Broadstone Net Lease and Broadtree Residential, from their inception until 2015. After that, he was a senior advisor to Broadstone Real Estate.
Green Street Analyst Says Transportation Changes Will Impact Most Real Estate Sectors
Dave Bragg, managing director at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Bragg discussed some of the key disruptive forces that are affecting the future of the real estate industry. An important one is the revolution in transportation caused by the combination of ride hailing and driverless cars.
Fidelity Fund Manager Expects Real Estate Values to Remain Stable
Mark Snyderman, fund manager at Fidelity Investments, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Snyderman manages the Fidelity Real Estate Income Fund, which invests in a mix of common stocks, preferred stocks, bonds and commercial mortgage-backed securities.
Health Care Real Estate Attracting Foreign Capital, Analyst Says
Michael Knott, managing director at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
After a quiet year for the health care sector for most of 2016, an “explosion of deals” worth in excess of $ 5 billion has occurred recently, Knott observed. The trend underscores the significant amount of capital available for the sector, especially foreign capital, he noted.
Investors “Cannot Ignore” U.K. Real Estate, Charls Says
Philip Charls, CEO of the European Public Real Estate Association (EPRA), joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Charls commented on the impact of Brexit on European commercial real estate. He noted that while U.K. total returns, as measured by FTSE EPRA/NAREIT indices, were weaker than the rest of Europe on a year-to-date basis, returns were much more closely aligned over a five-year period.
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.
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.