on When describing the aspirations he has for his company, American Homes 4 Rent, Co-Founder and CEO David Singelyn said, “success is providing something of quality to people, and it starts with quality housing. And if we do not have quality housing, then we’re not going to be a long-term company.” A pioneer within the single-family… Continue Reading The Advent of Institutional SFR
on America’s once world-class infrastructure is in desperate need of repair. In recent years, bridge collapses and other engineering failures have sparked political debate about how the country’s aging public infrastructure should be addressed. Airports are often overlooked in this debate and viewed as less critical infrastructure, despite the fact that 1.7 million Americans get on… Continue Reading Making the Case for REIT Ownership of Airports:
on 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
on How trends in the U.S. Agriculture industry can affect farm related real estate. Similar to periods before deleveraging and bust periods in agricultural environments, today’s low interest rates and high farm land values are encouraging farmers to incur significant amounts of debt while national net farm income continues to decrease, and U.S. interest rates continue… Continue Reading Are Farmland Values Ripe For A New Season? (7 mins)
on Thursday, September 28th, the Baker Program in Real Estate was honored to welcome back to campus, George Conti, as a part of the Distinguished Speaker Series (DSS). George is the Vice President of Global Real Estate at Iron Mountain, the world’s premier information storage firm. George is responsible for both the project management and transactions… Continue Reading DSS Wrap Up: George Conti, VP Global Real Estate – Iron Mountain
on 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
on 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
on Colony Capital, NorthStar Asset Management, and NorthStar Realty Finance Combine to Form the 5th Largest Global Real Estate Investment Manager On June 3rd, three leading real estate firms announced that they would merge into a single real estate investment trust with approximately $58 billion in assets. According to the Wall Street Journal, the three-way stock… Continue Reading Merger of Colony and NorthStar Creates 5th-Largest Real Estate Investment Firm