January 26, 2015
Message from the PresidentAs reported in this week's edition of NewsBrief, leaders in the field of sustainability within the REIT industry gathered last week in Reston, Va., for the 2015 Leader in the Light Working Forum. The annual event is a hands-on collaborative workshop that provides NAREIT corporate members with the opportunity to share ideas and advance the sustainability conversation. Sustainability Leaders Gather at Working ForumREIT industry executives who focus on enhancing sustainability gathered in Reston, Va., last week for NAREIT’s fifth-annual Leader in the Light Working Forum. The event has grown substantially from 14 NAREIT corporate members represented during the inaugural event to 31 this year. NAREIT Collecting 1099-DIV DataNAREIT’s annual effort to collect data on 2014 IRS Form 1099-DIV reporting by stock exchange-listed and public, non-listed NAREIT member companies is officially underway. Latest Issue of REIT Magazine Now AvailableCamden Property Trust (NYSE: CPT) Chairman and CEO Ric Campo is on the cover of the January/February 2015 issue of NAREIT’s REIT: Real Estate Investment Today. The issue’s cover story features an interview with Campo touching on Camden’s efforts to design millennial-approved apartments and the sustained strength of the multifamily property market. NAREIT Participates in DCIIA Board MeetingThe NAREIT Investor Outreach team participated in the Jan. 13-14 board meeting of the Defined Contribution Institutional Investment Association (DCIIA), an organization seeking to incorporate best practices into the $7.0 trillion defined contribution (DC) retirement market. NAREIT Opposes Hawaii Bill to End Dividends Paid DeductionAs was the case in 2014, legislation has been proposed in Hawaii that would eliminate the “dividends paid deduction” (DPD) for REITs from the state’s tax laws. NAREIT Welcomes New Corporate MemberNAREIT is pleased to welcome Urban Edge Properties (NYSE: UE) as its newest Corporate Member. The stock exchange-listed Equity REIT, which was recently spun off from Vornado Realty Trust, acquires, develops, owns, manages and improves shopping centers in close proximity to urban communities. Its portfolio consists of 83 properties concentrated in the corridor between Washington, D.C., and Boston. It also has a presence in Puerto Rico and California. Based in New York, Jeffrey Olson is the company’s chairman and CEO. |
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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. |
01/26/2015
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