REITWorld 2014: Demand Outpacing Supply Augurs Well for Retail REITs
A lack of new supply and a concerted effort by retailers to develop omnichannel shopping strategies bode well for the future of retail REITs, according to a panel at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT.
Ross Smotrich, managing director at Barclays, moderated the panel and noted that new development in the retail sector “may be at a generational low.”
EPRA Chief Says Spanish REITs Performing Well Since Introduction
Philip Charls, chief executive of the European Public Real Estate Association (EPRA), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Charls gave a broad overview of developments in the European property market, starting with the arrival of REITs in the Spanish market about a year ago. Spanish REITs have performed “very well,” according to Charls. He noted that hedge fund managers Paul Soros and John Paulson were among the first investors in Spanish REITs: “You can’t imagine a better place to start it off.”
Low Economic Volatility Bodes well for the Canadian Real Estate Market
Nancy Anderson, vice president of financial reporting and chief financial officer with the Real Property Association of Canada (REALpac), joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Anderson discussed the current overall health of the commercial real estate market in Canada.
