The retail net lease sector is certainly enjoying a healthy run. In 2018, net lease REITs racked up an overall return of 13.93 percent, according to Nareit. And through April 30 of this year, those REITs had posted a return of 13.5 percent.
But this little country—it’s smaller than Indiana in square miles and only slightly larger in population (if you count Kosovo)—is making progress in the arena of property management. It joins a growing roster of foreign countries that have legislated the need for professional property management.
Today’s investment managers must increasingly stay on top of their technology game in order to keep up with the competition—as well as savvy investors and their advisors.
California redevelopment agencies used to embark on some dubious ventures such as golf courses before the blight-fighting agencies were abolished by the state legislature in 2012. Now, an assemblyman determined to revive them may also create a new vehicle to allow them to sell pooled bonds for affordable housing.
Regulations that govern how more than half of New York renters interact with their landlords –- often to the satisfaction of neither -- are about to get their biggest rewrite in decades.
Fed is debating whether to cut the interest rate at its June meeting, reports the Wall Street Journal. Elliott Advisors is buying Barnes & Noble for $638 million, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
