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Economists question warnings about "fiscal cliff" tax increases: Warnings about the grave consequences of tax increases triggered by the "fiscal cliff" are overdone because so few Americans are taxed on investment gains, economists say. Data from the Investment Company Institute show that 14.7% of households in the U.S. hold mutual funds in taxable accounts, much less than 23.9% in 2001. The New York Times (tiered subscription model)
(12/2)
    
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- Lenders are opening up to green hotel projects
Sustainability is becoming the next big buzzword among hotel lenders and investors as more travelers show a preference for green lodgings, this feature says. Expected cost savings in the long run also add to the incentives for financing a sustainable hotel. HotelNewsNow.com
(11/30)
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- GLP J-REIT eyes $1.4B IPO in Japan
Global Logistic Properties' REIT, GLP J-REIT, plans to sell $1.4 billion worth of shares in its initial public offering in Japan. It will use the proceeds for projects in China and Japan. GLP J-REIT will be the largest logistic-focused REIT in Japan. Reuters
(12/3)
- Archstone deal gives boost to multifamily stocks
The $16 billion deal to acquire Archstone halted a 13% drop in apartment stocks over the last several months. Now, investors are once again becoming interested in multifamily stocks. "The storm cloud has been lifted with the cancellation of the IPO," says Dean Frankel, senior portfolio manager at Urdang Capital Management. Bloomberg Businessweek
(12/3)
- Lindemann: REITs have been "remarkably resilient"
REITs have been "remarkably resilient" in their efforts to tap the capital markets and improve their balance sheets, said Keven Lindemann, director of SNL Real Estate, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "What we've seen over the last couple of years is, really, very strong performance both by the companies and by the stocks. Investors are still very supportive of the sector," he said. REIT.com
(11/30)
- Block: Investors' perception of REITs has improved
Investors' understanding of the REIT industry has improved over the last five years, said Ralph Block, author of "Investing in REITs" and longtime industry veteran, at REITWorld 2012: NAREIT’s Annual Convention for All Things REIT. There are still areas of confusion, however. "I think probably the biggest misconception relates to risk. We were probably on the way to dispelling that up until the great recession, and then we had the problem where REITs had to scramble to raise a lot of equity capital and pay off debt. As a result, the stocks became very volatile." REIT.com
(11/30)
- Companies become cautious of IPO market
At least 12 initial public offerings were withdrawn in November, according to Dealogic, suggesting that the IPO market is slowing as the year comes to a close. The last time so many IPOs were pulled was in December 2008, when 18 were withdrawn. There has been a surge of secondary offerings instead in anticipation of capital-gains tax increases. The Wall Street Journal/CFO Journal (tiered subscription model)
(11/30)
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- Charls: Europe's view of REITs is evolving
Investors in Europe are increasingly viewing REITs as real estate investment vehicles, said Philip Charls, CEO of the European Public Real Estate Association, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "We have players like APG, one of the biggest players in the world, have about $25 billion exposure to real estate, 50 percent direct and 50 percent listed." REIT.com
(11/29)
- Analysis: Housing is starting to look like a good investment
The U.S. housing market is beginning to make its long-awaited recovery, and a whole new generation of investors is looking for ways to make a profit from it, according to The Economist. "As a trade, buying houses is the polar opposite of what made hedge funds rich from 2007; it is a bullish bet which eschews complex financial products," the magazine notes. "It is also far less racy: a 7% yield is hardly the stuff of investment lore, even if greater profits may come." The Economist
(12/1)
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