Investors and other REITs are clearly embracing sustainability, says Marla Thalheimer, director of sustainability with Liberty Property Trust. "Tenants are starting to ask for it, and investors are starting to ask for it," she says.
Risky debt products, or structured financial products, are being marketed on Wall Street again. A number of these were in part responsible for the market crash of 2008, but many of their flaws are being forgiven in the era of low interest rates.
Hannon Armstrong Sustainable Infrastructure Capital has amended its initial public offering to increase the maximum raised from $100 million to $250 million. The deal could be the first to structure a clean-energy company as a real estate investment trust. About 13.3 million shares will be offered for $14 to $16 each.
American Realty Capital Properties has completed its initial public offering, priced at $12.50 per share. The company was formed to acquire single-tenant commercial real estate net leased on a medium-term basis to investment-grade tenants.