February 9, 2015
Message from the PresidentAs this week's edition of NewsBrief reports, REITs got off to a strong start in 2015. That continued into early February, as the FTSE NAREIT All REITs Index showed a total return of 7.09 percent for the year through Feb. 5, while the S&P 500 provided 0.34 percent during the same time period. REITs Off to Solid Start in 2015REITs started 2015 on solid ground, as continued low interest rates and promising fundamentals fueled industry performance in January. NAREIT Joins Coalition Encouraging Congress to Retain Timber Tax TreatmentNAREIT and dozens of industry organizations sent a joint letter to the leadership of both the House Ways and Means and Senate Finance Committees last week encouraging them to retain the current tax treatment for timber. Treasury Implementing Reauthorized TRIA ProgramThe Treasury Department announced last week that implementation of the Terrorism Risk Insurance Program Reauthorization Act of 2015 has started. The law, which was signed by President Obama last month, extended the Terrorism Risk Insurance Act (TRIA) program, which had expired at the end of 2014. NAREIT Submits Comments to HawaiiNAREIT last week submitted written testimony to the Hawaii House of Representatives Committee on Consumer Protection and Commerce and the Committee on Judiciary to oppose a bill that would eliminate the dividends paid deduction (DPD) for REITs in the state. REIT.com Videos: Leader in the Light Working ForumREIT.com was on hand at last month's 2015 Leader in the Light Working Forum to conduct interviews with real estate sustainability specialists in attendance. Here are a sample of some of the videos now available at REIT.com. Fidelity MSCI Real Estate Index ETF Debuts on NYSEThe Fidelity MSCI Real Estate Index ETF (NYSE: FREL) began trading last week on the New York Stock Exchange. REIT.com Video: Fundamentally SpeakingIn the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and industry information, says economic developments haven’t hampered the strength of the multifamily real estate market. NAREIT’s Despins Attends FPPTA Winter Trustees SchoolMeredith Despins, NAREIT’s vice president for investment affairs and investor education, last week attended the Florida Public Pension Trustees Association’s (FPPTA) Winter Trustees School in Orlando. |
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NAREIT® is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. Members are REITs and other businesses that own, operate and manage income-producing real estate, as well as those firms and individuals who advise, study and service those businesses. NAREIT is the exclusive registered trademark of the National Association of Real Estate Investment Trusts, Inc.®, 1875 I St., NW, Suite 600, Washington, DC 20006-5413. Follow us on REIT.com. Copyright© 2015 by the National Association of Real Estate Investment Trusts, Inc.® All rights reserved. This information is solely educational in nature and is not intended by NAREIT to serve as the primary basis for any investment decision. NAREIT is not acting as an investment adviser, investment fiduciary, broker, dealer or other market participant, and no offer or solicitation to buy or sell any security or real estate investment is being made. Investments and solicitations for investment must be made directly through an agent, employee or representative of a particular investment or fund and cannot be made through NAREIT. NAREIT does not allow any agent, employee or representative to personally solicit any investment or accept any monies to be invested in a particular security or real estate investment. All REIT data are derived from, and apply only to, publicly traded securities. While such data are believed to be reliable when prepared or provided, such data are subject to change or restatement. NAREIT does not warrant or guarantee such data for accuracy or completeness, and shall not be liable under any legal theory for such data or any errors or omissions therein. See /TermsofUse.aspx for important information regarding this data, the underlying assumptions and the limitations of NAREIT’s liability therefor, all of which are incorporated by reference herein. Performance results are provided only as a barometer or measure of past performance, and future values will fluctuate from those used in the underlying data. Any investment returns or performance data (past, hypothetical or otherwise) shown herein or in such data are not necessarily indicative of future returns or performance. Before an investment is made in any security, fund or investment, investors are strongly advised to request a copy of the prospectus or other disclosure or investment documentation and read it carefully. Such prospectus or other information contains important information about a security’s, fund’s or other investment’s objectives and strategies, risks and expenses. Investors should read all such information carefully before making an investment decision or investing any funds. Investors should consult with their investment fiduciary or other market professional before making any investment in any security, fund or other investment. |
02/09/2015
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