In the the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Steve Buller, portfolio manager with Fidelity Investments, discussed the impact of real estate being elevated to a new headline sector under the Global Industry Classification Standard (GICS) on the discipline of real estate investing.
The Complex Flows of Foreign Capital
Real Estate Lawyer Sees Continuing Capital Flows into Public Non-Listed REITs
Peter Fass, partner at Proskauer Rose, LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Fass observed that new customer account rules from the Financial Industry Regulatory Association (FINRA) aiming to increase transparency of public non-listed REITs (PNLR) have led to speculation about their impact on a number of fronts.
“There’s a lot of talk about how it’s going to affect sales. Who’s going to make the changes? Will it reduce fees to broker-dealers? We shall see,” he said.
REITWorld 2014: Capital Flows into REIT Sector Remain Robust, Panelists Says
Capital flows into the REIT sector from domestic and international investors remain robust, according to a panel of industry figures at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT.
The panelists also said the limited supply of real estate assets is pushing valuations higher.
“Capital is chasing a relatively few number of assets,” said Louis Taylor, senior vice president at Paulson & Co., Inc. “Prices are fair to pretty full.”