the lead indicator
Listed REITs have been at the forefront of the recovery in multifamily and commercial property investment. For more than a year, access to public equity and debt markets has allowed the best-positioned REITs to retire or refinance pending maturities and to re-engage the market through strategic acquisitions of properties.
Buoyed by improvements Read More
From his perch onstage at the Pierre Hotel last Thursday, Bill Ackman looked down his nose on REITs.
“You can make more money on a single real estate deal than as a REIT,” he said at the 16th annual REIT symposium hosted by the N.Y.U. Schack Institute. Mr. Ackman, who made at least some of Read More
Big Real Estate
With the record tourism in the Big Apple last year, coupled with the improvements in the hospitality industry, one of the most favored asset classes for investment is a New York City hotel. While many hotels are owned by local independent investors, one of the most active investors in this asset class is real estate Read More
Just two years ago we declared 2008 the “Worst. Year. Ever.” for Real Estate Investment Trusts. Fortunately, investors have roughly the attention span of an infant, and they’re already lining up to give the funds a hearty birthday back slap .
Fifty years ago Ike signed legislation making investing in real estate much Read More
Heavy hitters like Sam Zell, William Mack, Andrew Jonas and Charles Ratner gathered at the Pierre last Thursday to talk about the state of REITs in the Great Recession. It was the 15th annual REIT symposium, hosted by NYU’s Schack Institute for Real Estate.
At the beginning of a panel entitled “The View From 10,000 Feet,” part of the N.Y.U. Schack Institute of Real Estate’s 15th Annual REIT Symposium on Thursday afternoon, the always outspoken Steve Roth had a question for moderator Robin Panovka.
“Is there press in the room?” asked Mr. Read More
The Commercial Observer: What’s happening at Brookfield?
Mr. Clark: We’ve just gone through a period of working to both preserve and enhance our liquidity. We’ve been working through some refinancing, and we did a very large equity raise of over a billion dollars. We did a $200 million preferred shared issue. We Read More
Location: When do you see the real estate market recovering?
Mr. Holliday: Recovery in rents is going to happen when there is competition for space.
When do you see that happening?
I hope soon. It’s hard to project or put too much conjecture into when exactly that will occur. I look at things more trend-based. Read More
“We’ve reached the Darwinian point,” intoned Sam Zell, chairman of Equity International. “I think that the small guys have to die, and the definition of ‘die’ is they’re going to go private.”
The gnomic Mr. Zell was referring to REITs, or real estate investment trusts, the publicly traded real estate companies that, according Read More
From the Journal on REITs’ 2008: "As their worst year on record finally ends, real-estate investment trusts are bracing for a Darwinian 2009. … During 2008, investors treated almost all REITs with a heavy dose of skepticism. Of the 114 stocks tracked by the Dow Jones Equity All REIT index, only four had positive Read More