Wednesday, April 17, 2013

REISA Panel: Retooling Non-Traded REIT Industry On Pace for $40 Billion In Liquidity Returns

National Commercial Real Estate News From CoStar Group

REISA Panel: Retooling Non-Traded REIT Industry On Pace for $40 Billion In Liquidity Returns

Nearly 600 attending this week's Real Estate Investment Securities Assn.'s (REISA) confab in San Diego certainly got the message -- non-traded REITs need to continue to implement best practices to reduce fees, improve transparency and bring more investors to the industry. Job one will be unlocking shareholder by making good on the $39 billion in liquidity events being considered by companies in the non-traded REIT space

That message was delivered...

SIGN OF THE TIMES: Office REIT Accelerates Move Into Multifamily

Mack-Cali Realty Corp. (NYSE:CLI), which paid out about $158 million in common stock dividends last year, announced it intends to reduce its second quarter common stock dividend by one-third from the current 45 cents per common share to 30 cents. The move signals Mack-Cali's view that office properties in its markets don't hold as much potential as multifamily properties in the same markets.

“With the current demand for office space, the dividend...

Private Equity Real Estate Fundraising at Lowest Level Since 2003

Twenty closed-end private real estate funds held final closes in the first quarter, raising an aggregate $5.2 billion, a 79% decrease on the $25 billion raised in the fourth quarter of last year, according to Preqin. The quarterly totaled raised by private equity funds is the lowest quarterly total since the $5 billion raised in the third quarter of 2003.

Preqin provides comprehensive data and research on private equity, real estate, hedge funds...

New Fund Looks To Bring Liquidity to Non-Traded REIT Investors

A new closed-end investment fund has filed registration papers for a unique offering that will exchange its to-be publicly traded shares for non-traded shares in 33 private REITS.

Miami Beach-based REIT Exchange Fund Inc. (RXF) is a newly-organized, non-diversified, closed-end management investment company that intends to invest in a select group of non-traded, Securities and Exchange Commission registered real estate investment trusts.


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