Real Estate Funds Can Expect More Capital Flows
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.
Viewpoint: Sovereign Wealth Funds Among Major Stories for REITs
The prospects for REITs in 2016 are encouraging, with sovereign wealth funds continuing to invest aggressively in U.S. markets and the Fed’s policy of incremental interest rate hikes signaling confidence in the U.S. economy as a whole. Although the precipitous decline in oil prices has created headwinds in Houston, especially for multifamily and office sectors, even here, job growth remains positive. In the meantime, REITs are reconfiguring their portfolios to focus on new uses of space in the industrial and office sectors in response to new business models and advances in technology.
Research Finds Target Date Funds Need Higher REIT Allocations
John Worth, NAREIT’s senior vice president for research and investor outreach, joined Kurt Walten, NAREIT’s senior vice president for investment affairs and investor education, for a REIT.com video to discuss new NAREIT-sponsored research from investment advisory firm Wilshire Associates on the role of REITs and listed real estate equities in target date fund (TDF) asset allocations.
Professor Sees Continued Flow of Funds to Real Estate
Cydney Donnell, director of real estate programs at Texas A&M University’s Mays Business School, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Donnell shared her views on the state of the real estate cycle.
“I don’t really worry about it too much because I don’t think that’s the question,” Donnell said. Rather, Donnell stressed that a 35-year “supercycle” in the bond market supported by declining interest rates has fueled a surge of money flowing into real estate.
Sovereign Wealth Funds Play An Increased Role in Real Estate
Office REITs Still Attractive to Alpine Funds Portfolio Manager
In the latest episode of the NAREIT Podcast, Bob Gadsden, portfolio manager of the Alpine Realty Income & Growth Fund, offered his opinion on some of the key factors driving real estate market performance in the current environment.
Macerich Recycling Funds into High-Quality Retail Developments
After an active year for disposals in 2013, mall REIT Macerich (NYSE: MAC) remains focused on pruning its least productive assets in order to plough funds back into higher-quality retail developments.
“We want to be the best in terms of quality,” said Art Coppola, Macerich chairman and CEO, in an interview with REIT.com. “We think we’re going to have a powerhouse of a company, and we’re very happy with the direction that we’re going.”