| The daily source on REITs and real estate investment | May 14, 2008 |
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| REITWeek® 2008 Advance Report |
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| Capital Markets |  | |
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- Report: REITs may face trouble accessing capital
Ahead of the industry's two biggest events, including NAREIT's REITWeek Investor Forum, REIT executives say they see mixed signals in the CMBS marketplace. The sector has enjoyed a solid start to the year, but a recent Fitch report suggests access to capital is a concern. "Not a lot's trading on the CMBS side; it's very interesting," said Simon Property Group CEO David Simon. "At this point, it's just very hard to find the paper. We do expect that logjam to loosen up." CoStar Group
(5/7)
    
| Investment News | | |
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- Big mall operators' earnings will be closely watched
Simon Property Group and General Growth Properties, the two largest U.S. shopping mall operators, are scheduled to report earnings this week. Analysts are looking at the reports as a potential bellwether for the overall U.S. retail sector. "Because they're so broad nationally, people are going to be listening about prospective store closings throughout 2008," said Robert Gadsden, portfolio manager with Alpine Realty Income Growth Fund. Reuters
(4/29)
- Dutch firms form partnership to focus on U.S. retail
United Investment Co. and SNS Property Finance International formed a joint venture to establish a $1 billion real estate investment and development fund. The Dutch companies said the new fund would be dedicated to the U.S. retail real estate market. "We meet retailers every day who can't get financing to build deals for them, so we see this as a great opportunity," said Biff McGuire, CEO of UDC Global in America. Commercial Property Executive
(4/17)
- AmREIT emboldened by strong first-quarter numbers
AmREIT executives expect to record at least $2 billion in acquisitions and development within three years. The expectations are based on strong first-quarter numbers, which bucked the trend for most other retail owners. H. Kerr Taylor, AmREIT's chairman, CEO and president, told shareholders and analysts that 2008 would be "a launching pad" for AmREIT. GlobeSt.com
(5/8)
| Real Estate Marketplace | | |
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- Kimco shifts focus to Mexico as U.S. demand slows
Kimco Realty Corp. is tapping into middle-class growth in Mexico, which has fueled demand for suburban-style retail property. The company entered the Mexican market six years ago and now has 34 properties there. "Development in the U.S. is rather limited today," said David Henry, Kimco's chief investment officer. The Wall Street Journal
(4/30)
- Report: Malls remain resilient, continue to evolve
Most industry executives say the traditional shopping mall is resilient and evolving, according to a report by CoStar Group. Malls are not the retail powerhouses that they once were and face short-term pressure in the current economic downturn, but executives and analysts are not discounting their potential rebound. "All indications are for a stronger second half in 2008," said Greg Maloney, president and CEO of Retail - Americas for Jones Lang LaSalle. CoStar Group
(3/26)
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