Tag: REIT

Posted on

REIT Insurance Experts Outline Changes to NAREIT D&O Insurance Program

Melissa Lishner, a director at Crystal & Co., and Michael Chu, vice president and national practice leader for REITs at Arch Insurance Group, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Crystal is the program administrator for NAREIT’s group Directors and Officers (D&O) Liability insurance program, which is underwritten by Arch.

Lishner outlined the process and rationale for recent changes to the NAREIT D&O insurance program.

News

Posted on

Industrial REIT Prologis Buying KTR Capital for $5.9 Billion

Prologis, Inc. (NYSE: PLD) said April 19 it has agreed to buy industrial property owner KTR Capital Partners through a joint venture for a total of $ 5.9 billion.

The properties will be acquired by Prologis U.S. Logistics Venture (USLV), a consolidated joint venture with Norges Bank Investment Management (NBIM), the manager of the Norwegian Government Pension Fund Global. Prologis holds a 55 percent stake in the joint venture.

News

Posted on

Green Street Analyst Says Value of Real Estate Key to REIT Valuations

Lukas Hartwich, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Hartwich outlined the various factors Green Street considers when determining the valuation of a company.

“Growth is definitely a consideration,” he said. “But, first and foremost, what we look at is the value of the underlying real estate.”

News

Posted on

QTS General Counsel Says REIT Lawyers More Integrated in Businesses

Shirley Goza, general counsel at QTS Realty Trust, Inc. (NYSE: QTS), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Goza discussed the role of REIT general counsel as in-house gatekeeper and how the position has evolved.

“There’s always been the expectation that both in-house and outside counsel be business savvy. The lawyer needs to understand the business and look for the solution,” she said.

News

Posted on

REIT Governance Specialist Says Succession Planning Should Include All Senior Management

Jim Hanks, a senior partner at Venable LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Hanks discussed the growing importance of succession planning.

“I see it as a major item on a continuing basis, as it should be,” he said.

Hanks highlighted a number of aspects to succession planning, including a focus on short-term and long-term planning. “Boards should be doing both,” he said.

News

Posted on

GGP Tax Executive says Retention of Capital Critical in REIT Partnership Issues

Kate Courtis, senior vice president for taxation at General Growth Properties, Inc.  (NYSE: GGP), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Courtis moderated a panel at REITWise looking at the partnership tax issues encountered by REITs. Some of the issues the panel discussed included disguised sales and beneficial elections.

“When [REITs] want to recycle capital, retention of that capital is critical,” Courtis said.

News

Posted on

NYSE Manager Sees Healthy REIT IPO Pipeline for 2015

Ron Bohlert, manager of global listings at the New York Stock Exchange (NYSE), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Bohlert noted that initial public offering (IPO) activity during 2014 was “incredibly successful for the NYSE.” There were a total of 117 IPOs, which raised a total amount of $ 65 billion. While the Alibaba Group IPO contributed a sizeable portion of that total, “in terms of the number of deals and capital raised, it was still very successful on all fronts,” he said.

News

Proudly powered by WordPress