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In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Gabe Buerkle and Michael Hudgins of EII Capital Management talk about the importance of sustainability in the eyes of real estate investors.
EII recently published a report on the evolution of sustainability programs at REITs.
MAA (NYSE: MAA) said Aug. 15 it intends to pay approximately $ 4 billion to acquire Post Properties, Inc., (NYSE:PPS) and create a multifamily REIT with a total market capitalization of around $ 17 billion.
Forest City Enterprises, Inc., (NYSE: FCEA) said Jan. 13 that its Board of Directors has approved a plan for the company to operate as a REIT beginning in 2016.
Publicly traded since 1960, Forest City currently has C-Corp status and is considered a real estate operating company (REOC). The company’s portfolio is focused on urban real estate assets in the office, retail and apartment sectors.
The announcement boosted the price of Forest City stock. After closing Jan. 13 at $ 22.21, Forest City shares closed at $ 24.72 on Jan. 14.
Alex Beath, an analyst on the Product Solutions Team at Toronto-based CEM Benchmarking, visited NAREIT’s Washington, D.C. headquarters for a video interview with REIT.com to discuss CEM’s new study on defined benefit (DB) plan asset allocation and fund performance.
Diversified commercial real estate investment company NorthStar Realty Finance Corp. (NYSE: NRF) said Aug. 5 that it plans to acquire Griffin-American Healthcare REIT II, Inc., a public, non-listed REIT (PNLR), in a stock and cash transaction totaling $ 4 billion.
The transaction is expected to close in the fourth quarter. Under the terms of the deal, Griffin-American stockholders will receive $ 7.75 per share in cash and $ 3.75 per share in NorthStar Realty common stock. As part of the deal, NorthStar would assume $ 600 million in debt from Griffin-American.
Asian investors are increasingly looking outside their domestic borders for new opportunities in real estate. Korean and Japanese investors look to set to lead this trend as they see both the benefits of increased real estate investing and diversifying out of their domestic markets. This session looks as what interests them and other Asian investors in terms of risk/return and geography and how influential their capital will be in the market. Moderator Andrea Carpenter, Director, ANREV (Hong Kong) Speakers Jin Seo, Manager, Samsung Fire & Marine Insurance (Korea) Hans Vrensen, Director Global Head of Global Research, DTZ (UK) Satoru Yamashita, Vice President, Mitsui Fudosan Investment Advisors (Japan) François Trausch, CEO, Asia Pacific, GE Capital Real Estate