Stock exchange-listed US equity REITs were up 16.25 percent with a dividend yield of 3.52 percent in the first half of 2014, according to CNBC (citing data from the National Association of Real Estate Over the past decade or so, … Continue reading →
George Soros and John Paulson are both taking ~$126m stakes in the flotation of Spanish property group Hispania Activos Inmobiliarios, according to the Financial Times. Hispania is seeking to list on the Madrid Stock Exchange as a real estate investment … Continue reading →
Seventy-seven percent of investors with assets of $1 million or greater own real estate, according Bloomberg (citing data from a survey conducted by Morgan Stanley’s Wealth-Management Unit). The number one alternative investment pick for 2014 among millionaires is direct ownership … Continue reading →
Washington Real Estate Investment Trust (WRIT) has entered into four separate contracts (with one buyer) to sell its medical office portfolio, according to Seeking Alpha. WRIT will sell a total of 1.5 million square feet for $500,750,000 ($329PSF). The portfolio … Continue reading →
Mexico recently passed legislation that allows REITs (FIBRAs in Mexico) to trade in the Mexican Stock Exchange. As a result, Mexico’s commercial real estate market has seen an influx of capital. Since REITs were established, financial firms have raised $4.6 … Continue reading →
A REIT (Real Estate Investment Trust) is a company that owns and in some cases manages income producing commercial real estate. Unlike a public REIT, a non-traded REIT does not trade on a securities exchange and is therefore less liquid. … Continue reading →
Returns from REITs in Canada are expected to average 5-10 percent over the next 12-18 months,
Continue reading →On December 6, Vornado Realty Trust closed on 114,000sf of retail space at Manhattan’s 666 Fifth Avenue, paying $708 million. The space is leased to Uniqlo, Hollister and Swatch. Spanish retail company Inditex (Zara) owns the remaining 38,750sf of retail … Continue reading →
Diana Olick of CNBC reports that the Fed’s QE3 (quantitative easing) could spur additional investment in commercial real estate if U.S. Treasury rates remain steady or drop. According to John O’Callahan of CoStar Group (quoted in the report), high-yield bond … Continue reading →
Since October 2011, the MSCI U.S. REIT index has gained 30 percent (excluding dividends) compared with a 22 percent gain for the Standard & Poor’s 500-stock index, according to The Wall Street Journal. The article indicates that residential REITs may … Continue reading →