NREI Daily
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JULY 15, 2019

Top Story

Alternative Properties

Anbang Bidding Proves Investors Still Want High-Profile Hotels and Big Portfolios

More than a dozen investor groups have stepped forward to bid on Anbang’s portfolio of 15 hotel properties, which include the Westin St. Francis in San Francisco, the Loews Santa Monica Beach Hotel, the JW Marriott Essex House in New York City and the Four Seasons in Jackson Hole, Wyo. “The fact that a plethora of potential buyers has emerged to bid for Anbang’s properties reveals that the U.S. hotel market remains strong, even this far into the cycle,” says Robert Trantham, a consultant with research firm CoStar Portfolio Strategy. 

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Commentary

Property Management

The Value of Percentage Rent in Long-Term Ground Leases

A principal challenge inherent in long-term ground leases is that they are contracts to be performed over an extended period. Ground lease terms can be as long as 99 years or even longer, and the lease must make provisions for market changes and events that will not occur until many years in the future. A major issue in the context of long-term ground leasing is the way ground rent will be adjusted over the term of the lease.

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Weekender Podcast

Finance & Investment

The Weekender Podcast, Episode 6

In this episode, David Bodamer and co-host Aric Johnson continue with the NREI Research Series by reviewing NREI’s 4th annual REIT study and by taking a closer look at what’s going on with publicly-traded REITs.  

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Digital Edition

Back on Top

NREI takes a close look at the multifamily market in its exclusive research report, Glenn Rufrano's peers discuss how he became the industry's turnaround specialist. Read these and other stories in NREI's July 2019 edition.

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NREI Wire

Trump Team Wary of Fannie-Freddie Fix Before 2020 Election

The current administration may want to avoid the political risk of disturbing the U.S. mortgage market.

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New CLO Buyers Set Up Clash of Titans in $600 Billion Market

Fidelity Investments, JP Morgan Chase, Pacific Investment Management among money managers coming back to the CLO market.

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10 Must Reads for the CRE Industry Today

Several retailers set to compete with Amazon’s Prime Day, reports the New York Times. Forbes looks at the positive trajectory of the mall REIT sector. These are among today’s must reads from around the commercial real estate industry.

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