Consolidation in the real estate investment trust (REIT) industry has become more prevalent in recent years, a trend that is likely to continue. There are a variety of factors contributing to the accelerated consolidation of firms in the industry – from favorable current economic conditions that are generating increased economies of scale to optimization opportunities… Continue Reading REIT Sector Likely to See More Consolidation
Tag: Real Estate Investment Trust
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
2016 Summer Internships: Ana Kalugina – Hodes Weill
When I made the decision to pursue a Masters degree, the real estate industry was my primary focus. While going through the process, my greatest trepidation stemmed from my lack of experience in the industry. However, I know now that pursuing the Baker Program fit my purpose the best. Not only have I become a part of an… Continue Reading 2016 Summer Internships: Ana Kalugina – Hodes Weill
Hilton Granted Approval for REIT Spinoff
In December 2015, Hilton Worldwide Holdings, Inc. announced that it was pursuing a spinoff of a portion of its portfolio into a Real Estate Investment Trust (REIT). This follows the industry trend and wider trend of non-purely real estate firms seeking to do the same in order to unlock shareholder value and boost their stocks through the… Continue Reading Hilton Granted Approval for REIT Spinoff