Our real estate editors'picks for the best stories of the week ending July 8.
Thepurchase gives the REIT a platform from which to launch investments in a newproperty type, observers said.
Transwestern'schief investment officer said the uncertainty stemming from Brexit will likelyindirectly benefit REITs and could drive already high CRE asset pricing evenhigher.
has beenreported to be considering entering the nontraded REIT business, and severalother large asset managers may also be on the way, conference attendees said.
Thesecond quarter was the second straight period in which absolute levels of bothconstruction and net absorption declined.
Newlybuilt apartments in particular are having trouble attracting tenants, leadingto concessions and lower rent growth.
Regionalmall and shopping center vacancy rates moved in opposite directions in thesecond quarter, a sign of a "divergence of fortunes" among propertytypes, Reis' senior economist said.
Theuncertainty clearing over Mitsui Fudosan's plans to list its logistics REIT inTokyo and the first REIT to list in the Baltics made news during the week.
TheSNL Asia-Pacific real estate index lagged the SNL Global RE index'ssecond-quarter total return by 1.6 percentage points.
SNL-coveredU.K.-based real estate companies filled many of the bottom spots on the totalreturns list in the second quarter, with Helical Bar providing the lowestquarter-to-date total return of negative 26.1%.
Ofthe 333 SNL-covered real estate companies listed in the Asia-Pacific region, 37owned properties in the European Union as of June 28. Among these, 31 ownedassets in the U.K.