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The daily source on REITs and real estate investment | June 18, 2008

REITWeek 2008® Special Report

REITWeek 2008® wrap-up


Click on the image above to watch a REITWeek wrap-up from NAREIT President and CEO Steven Wechsler.

NAREIT's REITWeek 2008®, which recently took place in New York City, was one of our most successful investor forums ever.

More than 2,000 investors, analysts and REIT executives met for three days of discussions on the key issues affecting our industry. We also provided more than 130 individual company presentations.

The discussions were highly informative -- and lively. You can get the flavor of them by sampling the items in this newsletter. But you can access them all on REIT.com, our Web portal for All Things REIT.

If you don't receive Real Estate Investment SmartBrief on a daily basis and find our show review useful, we urge you to sign up for our timely e-newsletter. Real Estate Investment SmartBrief delivers the stories making news in your profession directly to your inbox -- for FREE.

Capital Markets

Sovereign-wealth fund assets to quadruple


Click here to watch a video of the panel discussion.

Assets in sovereign-wealth funds will quadruple to $12 trillion in seven years, according to the "Sovereign Wealth -- State Investors" panel at REITWeek®. Forty sovereign-wealth funds control $3.1 trillion in assets. That figure is rising rapidly, especially in light of rising energy costs, according to David Marchick, managing director of The Carlyle Group and the panel's moderator. Click here to watch a webcast of this discussion at REITWeek.

REIT.com/Webcast (6/4) , REIT.com (6/5) , Commercial Property Executive (6/4) , InvestmentNews (6/16) , Financial Times (free content) (6/11)

Navigating the credit crunch
REITWeek 2008® opened with a panel discussion on the topic that has dominated the real estate industry and the global financial markets over the past year -- the credit crunch. James Sullivan, managing director of Green Street Advisors, led a lively panel that addressed one simple question: Where do we go from here? Click here to listen to a webcast of the panel discussion. REIT.com (6/6)

Where to find capital
The Spotlight Session on the first day of REITWeek 2008® touched on the performance of REITs during the first quarter of 2008. The panel analyzed moves by investors that saw capital previously invested in financial services entities shifted to REITs -- noting how the liquid and transparent nature of REITs have helped REIT dividend growth outpace inflation for the past 16 years. Click here to listen to a webcast of the panel discussion. REIT.com (6/6)

Economic growth will be key to maintaining REIT rally
At REITWeek 2008, a panel of experts drawn from the investment community and academia provided answers to key questions about the strength of the U.S. and global economies and this spring's REIT rally. Click here to listen to a webcast of the panel discussion. REIT.com (6/6)

Investment News

CEOs: Retail fundamentals solid


Click above to watch a Webcast of this panel discussion. Photo source: GlobeSt.com

A panel of executives at REITWeek® said they are cautiously optimistic about the future as retail fundamentals remain solid despite the economic downturn. Kimco Realty Chairman and CEO Milton Cooper, for example, said he has started to see regional differences as California, Arizona and Florida, which had the largest housing booms, are hurting more than other areas. Also, Cooper said that stores dealing with necessities, such as food, are doing well, while those selling housing merchandise are having the most trouble. Click here to view a webcast of this discussion at REITWeek®.

REIT.com/Webcast (6/5) , GlobeSt.com (6/5) , Real Estate Portfolio (6/2008) , Retail Traffic (6/2008)

Real-estate decisions need to be local
Speakers at REITWeek® said global investors still need to look at individual markets when making investment decisions, even as the credit crunch sends reverberations through international real estate as a whole. "Real estate is still a local industry," said Jack Foster, managing director and head of global real estate at Franklin Templeton Investments. Click here to view a webcast of this discussion at REITWeek®. REIT.com (6/6) , Commercial Property Executive (6/6) , GlobeSt.com (6/6)

French SIICs offer new investment opportunities
A panel of CEOs representing SIICs, the French equivalent of REITs, made the case for investment in their companies at REITWeek 2008. The SIIC rules allow companies to retain more income without incurring corporate level taxation than do the U.S. REIT rules, enabling the companies to be less dependent on the capital markets for funding development and acquisition. Click here to listen to a webcast of this discussion at REITWeek®. Real Estate Portfolio (6/2008)

Real Estate Marketplace

Aging U.S. fundamental to health care REITs
The aging U.S. population gives health care REITs great long-term growth potential, speakers at REITWeek 2008® said. Facilities that compose most of the largest health care REIT portfolios such as hospitals, assisted living homes, independent living communities and skilled nursing centers will see strong expansion, presenters said. "There's no other fundamental economic trend in the U.S that is as strong as the aging of the population," said James Flaherty III, chairman and CEO of HCP Inc. REIT.com (6/16)

Canada, U.K. likely growth areas for health care REITs
With U.S. health care REITs delivering solid returns now and likely in the future, investors are looking abroad to close cousins Canada and the U.K. Both countries also have aging populations and a growing demand for health services, executives for international health care REITs said at REITWeek 2008®. Canada's market is about a tenth the size of the U.S., but government funding is seen as more dependable. The government will decide later this month whether to maintain the tax-exempt status of Canadian REITs. REIT.com (6/16)

Individual Company Presentations

Listen to all the REITWeek® company presentations
If you missed any of the company presentations at REITWeek 2008®, you can find them all archived at REIT.com. Click here to see a list of company webcasts, organized by day. REIT.com (6/6)

Product announcements appearing in SmartBrief are paid advertisements and do not reflect actual NAREIT endorsements. The news reported in SmartBrief does not necessarily reflect the official position of NAREIT.

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