The International Monetary Fund's annual assessment of the U.S. economy highlights a need for more transparency from the Federal Reserve as it considers exiting quantitative easing. "Improved transparency" and "enhanced policy communications with the public are vitally important prior to and during the exit," according to the report, which cites fears of damaging sharp increases in borrowing costs.
Privately owned real estate produced a return of 2.87% in this year's second quarter, according to the property index managed by the National Council of Real Estate Investment Fiduciaries. That was the highest return indicated by the NCREIF index since the fourth quarter of 2011.
Wells Fargo has made $8.5 billion in Small Business Administration-backed loans during the past decade, making it one of the country's largest small-business lenders. Lisa Stevens, head of small-business banking at Wells Fargo, discusses in a question-and-answer session the bank's initiatives in small-business lending.
A property price bubble may be forming in Mexico, warns Jaime Lara, the chief executive of Fibra Macquarie, the country's top-performing REIT. That said, he added, sensible acquisitions and a rise in interest rates should keep it at bay.
Apartment REIT Independence Realty Trust has set the terms for its initial public offering. The Philadelphia-based REIT hopes to raise $42 million via 4 million shares that are priced in a range of $10 to $11 per share.