Analyst Explains “Healthy Skepticism” Toward REIT Development

Jed Reagan, senior analyst at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Reagan gave an overview of how Green Street sees development in the REIT industry.

“Green Street has a healthy skepticism about the development business. It’s a business that when it works, it can work in a big way, but there are definitely risks that come along with development that can be underappreciated sometimes,” Reagan said.

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Congress Progressing Toward Cybersecurity Enhancements

As businesses search for ways to better protect their information from online threats, the House of Representatives has passed two cybersecurity bills aimed at bolstering the sharing of information between the public and private sector.

On April 22, the House passed a bill that would encourage businesses and the federal government to share information on known cyber threats, the Protecting Cyber Networks Act (H.R. 1560), by a 307-116 margin.

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EY Partner: Slow Progress Toward Global Convergence on Accounting Standards

Serena Wolfe, partner at professional services firm EY, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Wolfe commented on the possibility of reaching global convergence on accounting standards.

“We as a firm are fully supportive of a single set of high-quality financial standards that are applied globally,” she said. “I think we are moving towards that.”

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