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November 21, 2012
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  Top News 
  • U.S. deficit is decreasing at record speed
    During the past three years, the U.S. government's deficit measured as a percentage of gross domestic product has declined at the fastest rate since World War II, according to the Office of Management and Budget. The Center on Budget and Policy Priorities calculates that, not counting budget cuts scheduled to take effect Jan. 1, nondefense discretionary spending is on track to reach 2.7% of GDP, well below a 30-year average of 3.9%. Investor's Business Daily/Capital Hill blog (11/20) LinkedInFacebookTwitterEmail this Story
  Capital Markets 
  • Europe's 2013 bank stress tests will center on Basel III
    Next year will bring an assessment of European banks' progress in implementing Basel III capital rules. "We need to manage a shift of focus from a one-off recapitalization effort to developing the path for full implementation of Basel III standards," said Andrea Enria, chairman of the European Banking Authority. "We are structuring the stress test of next year along these lines." Reuters (11/20) LinkedInFacebookTwitterEmail this Story
  Investment News 
  • Torres: Still room for increased REIT returns
    There is still room for higher REIT returns in 2013, said Michael Torres, CEO of Adelante Capital Management, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "Clearly there are some headwinds as the economy adjusts to fiscal changes, but I think fundamentals are good. The surprise, really, is around the lease structure that we get in real estate, so I think 2013 will be pretty good, actually," he said. REIT.com (11/20) LinkedInFacebookTwitterEmail this Story
  • Horowitz: Some private companies poised to go public
    The industry will see more private companies go public in the coming year, predicted Jeff Horowitz, global head of real estate, gaming and lodging for Bank of America Merrill Lynch, at REITWorld 2012. "I do think when you look forward you're going to see this continuation of large-scale, high-quality companies coming back to the markets just because so many went private in the 2005-2007 time period," he said. However, he added, it won't be at the pace in the mid-1990s, when 20 or 30 companies would go public per year. REIT.com (11/20) LinkedInFacebookTwitterEmail this Story
  Real Estate Marketplace 
  • Retail REIT sells Ill. office for $148M
    Retail Properties of America has sold Aon Hewitt Property to an undisclosed buyer for $148 million. Aon fully occupies that 818,686-square-foot office building, which is in Lincolnshire, Ill. CoStar Group (11/20) LinkedInFacebookTwitterEmail this Story
  • Simpson: Fundamentals are strong in assisted living
    The assisted living sector, buoyed by the private sector, is seeing strong fundamentals, said Wendy Simpson, president and CEO of LTC Properties, at REITWorld 2012. "But in terms of pricing deals in the future, to really understand where the reimbursement is going and what the real estate values are, I think it's going to be a little later in the year." REIT.com (11/20) LinkedInFacebookTwitterEmail this Story
  • Mauldin: Still opportunities for consolidation in health care
    Acquisitions in the health care space will continue, predicts Steve Mauldin, president and CEO of CNL Healthcare Trust and CNL Lifestyle Properties, speaking at REITWorld 2012. "The last figure I saw is that approximately 8% of senior housing is owned by public REITs, and the rest is owned by individuals and institutions. So, there are still meaningful consolidation opportunities." REIT.com (11/20) LinkedInFacebookTwitterEmail this Story
  • Hurwitz: People are lining up to shop
    Shoppers are already lining up for the sales advertised for Thanksgiving week, says Daniel Hurwitz, president and CEO of DDR. Partly that is due to the doorbuster offers being moved to Thanksgiving by many retailers. "It will be interesting to see what the impact of the Thursday sales have on Friday and whether Friday will be as big as we expect or will Thursday siphon off sales," Hurwitz says. CNBC (11/20) LinkedInFacebookTwitterEmail this Story
  NAREIT News 
Learn more about NAREIT ->   Join NAREIT |  Policy & Politics |  NAREIT Events |  Publications

  Editor's Note 
  • SmartBrief will not publish Thursday and Friday
    In observance of Thanksgiving in the U.S., SmartBrief will not be published Thursday and Friday. Publication will resume Monday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SmartQuote 
If the only prayer you said in your whole life was 'thank you,' that would suffice."
--Meister Eckhart,
German theologian and philosopher


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