News
Returns on real estate investment trusts (REITs) turned slightly negative in November following a strong performance in October. The FTSE NAREIT All Equity REIT average declined by 0.17 percent, and total year-to-date REIT returns at the end of November measured 1.50 percent. Plus, interest rate survey results from Trepp.
ULI has endorsed formation of the Global Alliance for Buildings and Construction (GABC) to advance the real estate industry’s efforts to mitigate the impacts of climate change and reduce the industry’s carbon footprint on a worldwide scale. The agreement to form the alliance was signed December 3 in Paris during Buildings Day, an event held in conjunction with the 2015 Paris Climate Conference.
At the recent REIT World Conference in Las Vegas, industry experts said they are looking forward to 2016, when REITs will be separated from financial services and elevated into a new Global Industry Classification Standard (GICS) sector. Self-storage and apartments are attractive due to favorable demographic trends. Plus, interest rate survey results from Trepp.
A compelling and unique book, Atlas of Citiesgoes beyond maps to provide insights into the dynamics of how cities shape contemporary social and economic activities.
ULI and the National League of Cities have announced that mayors from four cities—Birmingham, Alabama; Denver; Long Beach, California; and Rochester, New York—have been selected as the 2016 class of Daniel Rose Fellows by the Rose Center for Public Leadership in Land Use.
U.S. markets rebounded in October, posting their best monthly performance in four years. Real estate investment trusts also posted strong returns that offset losses from earlier in the year, with the FTSE NAREIT All Equity REIT average gaining 6.47 percent. Plus, interest rate survey results from Trepp.
While some analysts had worried that as millennials grew older they would settle down and raise their families outside of D.C., there seems to be little evidence of that happening yet, according to a new survey, conducted by Qualtrix on behalf of ULI Washington. Many millennials plan to stay inside the Beltway and are not necessarily worried about schools and day care because they are putting off having children, the survey shows.
Investing in lower-emission public transport, using more renewable energy, and increasing efficiency in commercial buildings and waste management in cities across the globe could generate $17 trillion in savings in current dollars by 2050, according to a recent report from the New Climate Economy, an advocacy group.
It has been reported by the Wall Street Journaland others that Hyatt is in talks to buy hotel operator Starwood Hotels and Resorts Worldwide. While neither company is a real estate investment trust, the potential transaction is emblematic of what is happening in the sector, where hotel REITs that are trading below the value of their underlying assets are creating an opportunity for mergers, acquisitions, and buybacks. Plus, interest rate survey results from Trepp.
Despite healthy real estate market conditions, investors are pricing an anticipated market slowdown into REIT share values. This situation generally occurs late in the real estate cycle and is spurring REIT privatizations and share buybacks. Plus, interest rate survey results from Trepp.
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