Retail Cap Rates Hit Historic Low
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Big Q1 for U.S. REITs
The FTSE NAREIT All REITs Index had a total return of 4.05% in Q1, more than quadruple the S&P 500's 0.95% total return. The dividend yields of REITs remain nicely higher at quarter's end than the broader market, averaging 3.80% vs. the S&P 500's 2.02%.
Fort Mill office buildings sold for $39.5 million
The three Class A office buildings total about 178,000 square feet, and opened in the last decade. The tenants include paper company Domtar, other corporate operations and two medical offices.
Expect weak reports from hospitality REITs as hotel revenues dwindle
RevPAR fell 7% year-on-year. Hospitality REITs are expected to turn in weak numbers as the reporting season rolls in, fuelled by declines in overall hotel revenues.
Former Starks building owner fought assessments before selling for $14 million
The Hertz Investment Group, a California company that owns office buildings around the country, pocketed $14.25 million this month when it sold the Starks building in downtown Louisville. Yet for the last two years, Hertz has been able to lower its annual property tax bill by insisting that the 14-story building is worth much less than that.
More Lindemuth properties to go to auction in May
Two dozen commercial properties belonging to Topeka developer Kent Lindemuth will go to the auction block on May 8. United Country Real Estate's website shows 24 properties owned by Lindemuth or entities linked to him that will go on sale.
Franconia Real Estate Service, Inc. Wins Over 43 Million in Government Contracts While Utilizing US Federal Contractor ...
Franconia Real Estate Services, Inc. (Woodbridge, VA) has been a Verified Vendor with US Federal Contractor Registration since July 2013. Since beginning the National Marketing Campaign, Franconia Real Estate Services, Inc has been awarded 43,945,083 in government contracts, which include five government contracts from the United States Secret Service totaling $24,187,500 alone. (PRWeb April 14 ...
Mortgage REITs Offer Attractive Value in Low-Rate Environment
After many anticipated a Federal Reserve interest rate hike this year, investors have left mortgage-backed real estate investment trusts and related exchange traded funds undervalued. Over the past year, ...
Realty Mogul Expands, Launches Commercial Lending Division
Realty Mogul, the online marketplace for real estate investing, is launching a commercial lending division expected to expand the companyâ€™s previous success in the commercial equit