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Month: March 2019

REITs Well Prepared for Lease Accounting Standard Changes

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In the latest edition of the Nareit REIT Report podcast, Serena Wolfe, a partner at Ernst & Young LLP, discussed the Financial Accounting Standards Board’s lease accounting standard that took effect for publicly traded companies, including REITs, at the beginning of 2019.

National Retail Properties Maintains Lengthy Dividend Increase Streak

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Jay Whitehurst, president and CEO of National Retail Properties, Inc. (NYSE: NNN), participated in a video interview during Nareit’s CEO Forum & Advocacy Day at The Hay-Adams hotel in Washington, D.C.

Whitehurst discussed National Retail Properties’ record annual results for 2018, noting that the REIT produced core funds from operations (FFO) per-share growth of 5.2 percent.

Opportunity Zones May Change Shape of Cities Over Time

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Tim Pire, director of the Applied Real Estate Investment Tract (AREIT) at Wisconsin School of Business’ Graaskamp Center for Real Estate, participated in a video interview during Nareit’s CEO Forum & Advocacy Day at The Hay-Adams hotel in Washington, D.C.

Pire, a former portfolio manager at Heitman, LLC, says some of the lessons he tries to impart to his students include how to be a disciplined investor, how to take risk, and how to adjust when new information emerges.

Affordable Housing Sector Drawing Increased Attention from Owners and Investors

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Anne McCulloch, president and CEO of Housing Partnership Equity Trust (HPET), participated in a video interview during Nareit’s CEO Forum & Advocacy Day at The Hay-Adams hotel in Washington, D.C.

HPET is a social purpose REIT focused on safeguarding affordable housing. Investor interest in the asset class has changed over the years, McCulloch said. “More apartment owners are interested in this asset class, but we also see many more investors who want to have impact with their investment dollars.”