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- FASB proposal would cause banks to set aside higher reserves
The Financial Accounting Standards Board has proposed a rule for accounting for credit losses that would result in banks, financial firms and companies that offer financing having to increase their loan-loss reserves as much as 50% and recognize losses from nonperforming loans faster. The rule would call for them to estimate expected credit losses and set aside reserves based on those projections. The Center for Financial Research and Analysis said in a research note that the model could give companies more discretion in determining loan losses and "create a powerful earnings management tool." The Wall Street Journal/CFO Journal (tiered subscription model)
(12/21), Accounting Today
(12/20)     
| Real Estate Marketplace | | |
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- Beaudin: IndCor will continue acquisitions next year
IndCor Properties will continue its steady pace of acquisitions in 2013, said Tim Beaudin, president and CEO of IndCor Properties, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "The one thing you will see change is IndCor take the lead on doing some one-off acquisitions" in the range of $25 million to $75 million, he said. REIT.com
(12/21)
- Bennett: Lodging industry halfway back to prior peak
The lodging industry has only halfway recovered from its falloff during the Great Recession, said Monty Bennett, founder and CEO of Ashford Hospitality Trust, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "Since the falloff was so deep, halfway back is not that great. It's not bad, but it’s not great. So, we've still got a lot of running room in this recovery." REIT.com
(12/21)
- Kite: How Kite Realty picks which assets to sell
Kite Realty Group aims to sell retail centers and net lease properties with lower growth profiles, said John Kite, president and CEO of Kite Realty Group Trust, at REITWorld 2012: NAREIT's Annual Convention for All Things REIT. "We've been pretty successful in selling at good numbers and redeploying the capital into new acquisition opportunities. The acquisitions have been in target markets that we like at attractive pricing." REIT.com
(12/23)
| NAREIT News | | |
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| Policy Watch | | |
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- ICE-NYSE merger bolsters calls for consolidation of regulators
The proposed $8.2 billion merger between NYSE Euronext and IntercontinentalExchange has prompted renewed debate about merging the Securities and Exchange Commission and the Commodity Futures Trading Commission. "This merger just screams out for a consolidated regulator," said Jaret Seiberg, a Guggenheim Securities analyst. "History tells us that having regulation split up between multiple entities doesn't work." The Washington Post
(12/21)
| Editor's Note | | |
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 | In seed time learn, in harvest teach, in winter enjoy."
--William Blake,
British poet and painter
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| SmartQuote | | |
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SmartBrief will not publish Tuesday
In observance of Christmas, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday!
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| | Recent Real Estate Investment SmartBrief Issues:
- Friday, December 21, 2012
- Thursday, December 20, 2012
- Wednesday, December 19, 2012
- Tuesday, December 18, 2012
- Monday, December 17, 2012
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