Passive Investors are Causing Concern in REIT Markets: Passive equity investment vehicles such as stock market index funds have exploded in popularity over the last decade. In fact, as of this year there are now more index funds than there are actual public equities, a remarkable shift that has shown no sign of losing momentum (Bloomberg… Continue Reading Passive Investors are Causing Concern in REIT Markets
Tag: Equity REITs
Part II – State of the Shopping Mall
In Part I, we discussed Jonathan Litt’s battle with Taubman Centers. In Part II, we will take a look at the underlying trends that led to this, and the broader state of the retail real estate sector. Finally, in Part III will examine how the performance of retail real estate is measured, and how some… Continue Reading Part II – State of the Shopping Mall
New York REIT and JBG Cos. – A Case Study of REIT Misalignment
One of the most followed real estate sagas of 2016 was the case of New York REIT (NYRT), in which shareholders actively and publicly faced off against NYRT management in their opposition to an agreed-upon merger with Washington, D.C.-based JBG Companies (JBG). The NYRT-JBG story highlights several modern day issues for REITs. First, it illustrates… Continue Reading New York REIT and JBG Cos. – A Case Study of REIT Misalignment
The GICS Reclassification and its Implications For REITs
August 31, 2016. This day has been highly anticipated by REIT professionals and investors alike since last year’s announcement that exchange-listed Equity REITs will be elevated into a separate headline sector in the Global Industry Classification Standard (GICS). In the future, the REIT Industry may look back on 2016 in the same way that it… Continue Reading The GICS Reclassification and its Implications For REITs