REITs Playing Leading Role in Development, Deloitte Analyst Says

Bob O’Brien, partner and U.S. real estate services leader at Deloitte, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

O’Brien said he is seeing an increase in development activity for apartment buildings, office buildings, hotels and distribution facilities.

“REITs are playing a big role in development activity,” O’Brien said.

News

Spinoffs Motivated by Increased Efficiency, Lawyer Says

Dave Levy, a partner at Skadden Arps, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Levy discussed the impact of restrictions imposed by the Protecting Americans from Tax Hikes (PATH) Act of 2015 on tax-free spinoffs of REIT assets. According to Levy, the spinoff trend that occurred prior to the PATH Act suffered from a “perception problem” in the media.

News

Canadian Real Estate Fundamentals “Pretty Strong,” REALpac CFO says

Nancy Anderson, CFO and vice president of the Real Property Association of Canada (REALpac), joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

REALpac represents Canada’s owners and managers of investment real estate. Anderson offered an overview of the health of Canada’s real estate investment market. Overall, real estate fundamentals are “pretty strong” in most regions, Anderson said.

News

Tax Reform Unlikely if Republicans Lose White House, Kies Says

Ken Kies, managing director of the Federal Policy Group, LLC, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Federal Policy Group advises clients on tax policy matters before Congress, the Treasury Department, the Internal Revenue Service and the OECD. Kies previously served as the chief of staff of the Joint Committee on Taxation.

News

Leverage Lessons Learned, REIT Privatization Specialist Says

Adam Emmerich, partner at Wachtell, Lipton, Rosen and Katz, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Emmerich participated on a panel at REITWise that looked at privatizations in the REIT industry and the lessons learned from the last privatization wave.

Emmerich noted that one of the lessons that the investing world has learned more broadly is that leverage can be “very, very serious.”

News

Real Estate Assets Holding Firm, Analyst Says

In the latest episode of the NAREIT Podcast, Joi Mar, analyst for real estate analytics with Green Street Advisors, discussed trends in real estate asset valuations.

Mar said that despite signs of a healthy economy in the United States, the market is giving off “mixed signals.” Although the employment picture bodes well, the strength of the dollar, concerns about China and fluctuations in the energy sector are weighing on economic growth, according to Mar.

News