Capital Markets

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Commercial Real Estate’s Slow-Motion Slowdown: E-Commerce and Other Disruptors of the Seven-Year Boom

Fueled by cheap money, low levels of new construction (except for apartments), and modestly improving demand, commercial real estate values have more than doubled from their financial-crisis lows of 2009. Nevertheless, prices are leveling off as investors have become concerned that the period of extraordinarily low interest rates may soon be coming to an end.

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From the Slots to the Stables: Specialty REITs Outperforming

What do billboards, prisons, casinos, schools, farmland, and document storage have in common? Real estate investment trusts (REITs) in these disparate businesses comprise NAREIT’s specialty REIT category, one of the best-performing sectors this year. Plus, interest rate survey data from Trepp.

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Freestanding Retail REITs Bring Stable Returns in Uncertain Times

Strong returns and limited risk have been key factors in the success of freestanding retail REITs during 2016, with a 37.29 percent total return year to date. But as these REITs reach 52-week highs, is it time to buy, hold, or sell? Plus, interest rate survey data from Trepp.

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The United Kingdom was ranked the most transparent market by

Ranking the Most Transparent Markets for Global Real Estate Investors

Transparency in the global real estate sector has improved markedly, according to a recent report produced by JLL and LaSalle Investment Management, with the ten most transparent countries taking 75 percent of global investment volumes.

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Recent Articles

  • REITs Outperforming Broader Markets in 2016

    July 5, 2016

    The total FTSE NAREIT All REIT Index return gained 6.68 percent in June, bringing the total return for the first half of 2016 to 13.65 percent. Freestanding retail, single-family home, data center, manufactured home, and infrastructure REITs posted double-digit gains during the month while timber lagged. Plus, interest rate survey data from Trepp.

  • Hotel REITs Trading at Prices below Net Asset Values

    June 27, 2016

    The overwhelming majority of hotel real estate investment trusts (REITs) are trading at prices that represent discounts to their net asset value, as has been the case for more than a year now. The thinking in some circles is that the hotel sector is approaching its cyclical peak. Plus, interest rate survey data from Trepp.

  • Interest Rates, REITs, and Brexit

    June 20, 2016

    Even as the broader equity markets fell, real estate investment trusts posted positive returns as economic uncertainty once again took center stage. The Federal Reserve Board’s decision not to raise interest rates this month was good news for REITs in terms of keeping their cost of capital low, but also reflected some weak economic news that could mean economic growth is faltering. Plus, interest rate survey data from Trepp.

  • REITs Are Selling or Building, but Not Buying

    June 13, 2016

    The current real estate cycle is maturing after more than seven years of expansion. Real estate investment trusts in all sectors are responding to market conditions by selling more properties than they are buying and by recycling capital to fund new development and redevelopment. Plus, interest rate survey data from Trepp.

  • Performance and Broader Economy Boost REITs in May

    June 10, 2016

    Real estate fundamentals and real estate investment trust performance benefited from positive economic news during May. Retail sales experienced their biggest increase in a year with a 1.3 percent jump during April, according to the U.S. Department of Commerce, and the pace of both new-home sales and home resales accelerated during April. The positive news was tempered by a worse-than-expected April jobs report as the brisk hiring of the first quarter slowed.

  • Impact Investing Platforms Create New Equity Streams for Affordable Housing

    June 3, 2016

    A new generation of “social-impact investors” are eager to place their equity in housing as a platform to address a variety of issues they care about, including economic mobility and disparities in health outcomes and educational attainment. Panelists at the recent ULI Housing Opportunity 2016 conference in Boston discussed platforms aimed at expanding the pool of equity investors with the potential to shore up the supply of affordable and workforce housing.

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