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10 Must Reads for the CRE Industry Today (April 28, 2015)

10 Must Reads for the CRE Industry Today (April 28, 2015)


  1. Brookfield Said to Seek $1.1-Billion in Low-Priced Brazil Assets “Brookfield Asset Management Inc., Canada’s largest alternative-asset manager, is considering investing more than 3.3 billion reais ($1.1-billion) in Brazil, with distressed assets accounting for about two-thirds of the total, according to two people with direct knowledge of the matter.” (The Globe and Mail)
  2. Apple Will Return $200 Billion to Shareholders “Apple announced it will return a ton of cash to shareholders. Along with its earnings announcement, the company said that it will increase its capital return program by 50% to $200 billion through March 2017.” (Business Insider)
  3. Global Real Estate Fundraising Rises 5% to $429B “Fundraising for global real estate investment rose 5 percent to a record US$429 billion in 2015 as investors are turning to real estate for its relatively high income yield and prospect for capital growth, global property services provider DTZ said in a report released today.” (Shanghai Daily)
  4. Global Property Investors' Focus on Europe Intensifies in 2015 “According to a new report by Cushman & Wakefield, European real estate is set to stay firmly in the spotlight for global investors with a resulting two-year window of high activity and attractive relative pricing driven by improved property investment supply, portfolio restructuring, rising prices and the impact of quantitative easing.” (World Property Journal)
  5. Tech Expansion Overruns Cities in California’s Silicon Valley “Water isn’t California’s only scarce resource. Room to grow is evaporating in Silicon Valley as technology giants’ appetites for expansion are running up against residents weary of clogged streets and cramped classrooms brought about by the boom of recent years.” (Wall Street Journal)
  6. Hotels Embrace Sustainability to Lure Guests and Cut Costs “Dr. Stuart Gitlow, a psychiatrist, traveled this month to the Westin Peachtree Plaza in Atlanta for a presentation at a conference about treating drug addiction. During his three-night stay, he dispensed with housekeeping.” (New York Times)
  7. TIAA-CREF Takes Full Ownership of TIAA Henderson “TIAA-CREF has taken full ownership of TIAA Henderson Real Estate, less than two years after announcing it would launch a fund management joint venture with Henderson Global Investors.” (IP & Real Estate)
  8. Preparing For the Next Market CollapseIt is an uncertain world and I want to be prepared. According to recent survey data from Northwestern Mutual, 67% of Americans believe that over time, there likely will be more financial crises. However, are these Americans prepared for the next one? A market collapse to be a possibility that many investors are vaguely aware of, but fewer have taken concrete steps to plan for. This is not something that I specifically expect and it is certainly not something that I hope for. It is something that I insure against in a prudent, moderate way.” (Seeking Alpha)
  9. Largest Apartment REIT Cuts CEO SalaryEquity Residential CEO David Neithercut made $8.1M last year—a $900k base salary, options of $1.1M, a discretionary bonus of $2M, and restricted stock of $4.2M, down 22% from $5.4M in 2013.” (BisNow)
  10. CMBS 2.0 Stays Out of Special Servicing “Although some concerns have been raised over a gradual decline in underwriting standards for the current generation of CMBS loans, these concerns haven’t been reflected in the loans’ actual performance as yet. Fitch Ratings says few CMBS 2.0 loans from 2010 on have entered special servicing, and the status quo is likely to remain in place at least until maturity dates draw nearer.” (Globe St.)
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