NREI REIT Updates
Finance: REIT Updates
Real Asset Backing a Plus for REITs
Although the credit crunch has impacted the real estate investment trust sector, REITs are still able to access funds and offer investment opportunities, according to a New York REIT conference sponsored by the New York Society of Security Analysts. ...
REITs: New Institution Capital Dance Partner
While most commercial banks and private equity funds are taking a breather from investing in the real estate markets, some of the country’s top institutional players are partnering with real estate investment trusts (REITs) to keep deals churning....
U.S. Equity REITs Operational Despite Liquidity Crunch
Equity REITs in the United States share a critical need for revolving credit or other sources of liquidity, due in part to regulations requiring them to pay at least 90% of their taxable income to shareholders...
Industrial REITs: Can They Ride Out the Storm?
Given the slowing U.S. economy, reduced consumer demand and lower retail sales, it might not seem intuitive that one sector capable of weathering the pending economic storm ...
Credit Crunch Claims Centro, But Other REITs Look Safe
The credit crunch has certainly slowed things down for the retail real estate industry as evidenced by a drop in deal flow and the scaling back of some announced developments. But this week the situation transformed...
Citigroup Report: Where to, Maguire?
One of the highest-flying office REITs has fallen to earth. Los Angeles-based Maguire Properties [NYSE: MPG] announced on December 11 that it formed a special committee ...
Deal Adds Life To Moribund M & A Market
Mortgage REIT Gramercy Capital Corp. (NYSE: GKK) plans to acquire bank building owner American Financial Realty Trust (NYSE: AFR) for roughly $1.1 billion...
Wild Ride for Office REITs
After four years of incredible growth topped off with a 45% spike in total returns in 2006 office REITs looked unstoppable at the beginning of the year....
Mortgage REITs Rebounding?
The performance of mortgage REITs this year has been abysmal. Total returns are down more than 44% as of Oct. 17, reports the National Association of...
Hotel Mergers Take a Breather
In January of this year, Hospitality Properties Trust, a REIT based in Newton, Mass., paid $1.9 billion to acquire TravelCenters of America, which operates...
A Subprime Sucker Punch
Shares in multifamily real estate investment trusts (REITs) have taken a beating of late. Through Oct. 23, apartment REIT shares plunged by 11.9% due...
Retail REITs Take a Licking
After posting stellar returns of nearly 30% in 2006, retail REITs have taken it on the chin. Total returns year-to-date through Oct. 24 were a negative...
Property trusts unwinding family leadership
Many U.S. real estate investment trusts that began as family businesses are confronting the challenges posed by a shift to non-family governance...
Private Equity Benched?
The private equity power players who helped fuel the real estate and REIT run-up of the 2000s will be largely sidelined amid fears the subprime debacle...
Super Transformation: Public to Private
In just 60 days, it was a done deal. By the time the ink was dry on the contract handing New York-based The Blackstone Group ownership of MeriStar Hospitality...
Looking Out for Shareholders
Not only are REIT boards of directors working harder than ever to achieve the delicate balance between monitoring financial controls and offering insight...
Subprime Lending Fallout
Turmoil over subprime lending in the single-family home market is taking a toll on mortgage real estate investment trusts. Through June 19 of this year, the mortgage REIT industry posted a total return of negative 13.40%, a huge swing from the 19.32% return posted for all of 2006, according to the National Association of Real Estate Investment Trusts (NAREIT)....
Self-Storage REITs Feeling the Pinch
In self-storage markets, scattered signs hint of a slowdown. In cities such as Columbus, Ohio, customers can get the first month's rent for $1. Shares of the average self-storage REIT lost 3.4% in the first four months of 2007, according to the FTSE NAREIT Equity index. With housing sales falling, some investors worry that fewer homeowners will be storing lawnmowers and computers....
More REITs Exit Stage Left
Private equity-led buyouts of real estate investment trusts show no sign of slowing down at midyear. Eight large privatizations worth $43.3 billion were announced through the first five months of 2007....
Third-Party Providers Hit Pay Dirt
While the flurry of recent REIT privatizations has been a well-documented financial windfall for many brokerage firms, it also is pumping up the financial...
REITs Storm Asian Shores
In their rush to modernize, Asian countries have borrowed many Western inventions. One of the latest ideas to arrive is the real estate investment trust....
Privatization Wave Hits REITs
When the mother of all privatization deals was announced in November 2006, it rocked Wall Street and the REIT industry. ...
REIT Launch in UK Takes Center Stage
After decades of opposing industry efforts to establish real estate investment trusts in the United Kingdom, the British government will permit the investment vehicle beginning this month....
A Major REIT Retreat
Privatization mania reached a crescendo in late November when Blackstone Group, the largest buyout fund in the world, offered to pay $20 billion for Equity Office Properties Trust (NYSE: EOP)...
Mall REITs Lose Their Stride
The stunning run of regional mall real estate investment trusts has finally shown signs of tiring. ...
