September 29, 2014
Message from the PresidentMore than 24,000 subscribers rely on NAREIT’s free, daily executive news summary, Real Estate Investment SmartBrief, to help them stay on top of the latest developments impacting their businesses and overall real estate investment landscape.
We hope you find these changes meet your information needs and not only help you understand the broader industry and macroeconomic environment better, but also bring to your attention important information related to your business. We encourage you to share the brief with your colleagues and friends and recommend that they also subscribe. Please contact us if you have any comments or suggestions, and thank you for continuing to subscribe to Real Estate Investment SmartBrief. Steven A. Wechsler President and CEO
Record Attendance at 2014 SFO Workshop
HR Forum Continues to GrowNAREIT hosted its eighth-annual HR Forum on Sept. 22 and 23 in Boston. More than 60 NAREIT Corporate Member senior HR professionals representing more than 50 REITs and REOCs attended this year’s event, almost double the attendance from a mere two years ago. PCAOB Seeks Input on Auditing Estimates and Fair Value Measurements Staff Consultation PaperEarlier this year, the Public Company Accounting Oversight Board (PCAOB) issued Staff Consultation Paper Auditing Estimates and Fair Value Measurements to solicit stakeholder input on whether the board should revise existing audit guidance on accounting estimates and fair value measurements. Report from EPRA Annual Conference in LondonMeredith Despins, NAREIT vice president of investment affairs and investor education, last week participated in the European Public Real Estate Association’s (EPRA) Annual Conference in London. Nominations for Leadership Awards Now OpenNAREIT is seeking nominations for its Leadership Awards. The REIT Industry Leadership Award, presented in memory of former Boston Properties (NYSE: BXP) CEO Edward H. Linde, is presented traditionally to a REIT executive. The REIT Industry Achievement Award is presented to an individual member in memory of E. Lawrence Miller, the former CEO of Bradley Real Estate Trust. A list of previous award recipients is available on REIT.com.
Both awards will be presented to the recipients during REITWorld 2014: NAREIT’s Annual Convention for All Things REIT® to be held Nov. 5-7 in Atlanta. Please forward the names of awards candidates with supporting information for consideration via mail to NAREIT, Attention: Megan Peichel, 1875 I Street, NW, Suite 600, Washington, DC, 20006-5413; via fax at (202) 739-9401; or via email to mpeichel@nareit.com. The deadline for receipt of nominations is Thursday, Oct. 9. (Contact: Megan Peichel at mpeichel@nareit.com)
Latest Issue of REIT Magazine Now AvailableThe latest issue of REIT: Real Estate Investment Today magazine is now available in print and online. This issue’s cover story is a one-on-one interview with Owen Thomas, CEO of Boston Properties. Thomas discusses how he preserves the company’s long-standing reputation while setting the future course for continued growth. NAREIT’s Case Addresses Brandes Institute Advisory Board Conference<img data-cke-saved-src="/sites/default/files/htmlemail/CaseNB.jpg" src="/sites/default/files/htmlemail/CaseNB.jpg" jpg"="" align="left" border="0" hspace="4" vspace="0">Brad Case, NAREIT senior vice president for research and industry information, was the featured speaker for a Web conference of the Advisory Board of the Brandes Institute, an organization whose primary goal is “to develop ideas and research that expand the investment community’s understanding of market behavior and portfolio management.” NAREIT Welcomes New Corporate MemberNAREIT is pleased to welcome CBS Outdoor Americas, Inc. (NYSE: CBSO) as its newest Corporate Member. CBS Outdoor Americas leases advertising space on traditional billboards, transit outdoor advertising properties and a network of digital displays throughout North America, Mexico and South America. Based in New York, Jeremy Male is CEO of the company. REITs in the CommunitySept. 25: Rep. Cathy McMorris Rodgers (R-WA), center, visited the Spokane offices of Potlatch Corp. (NASDAQ: PCH) and met with Potlach CEO and Chairman Michael Covey (left) and Mark Benson, the company’s vice president for public affairs. McMorris Rodgers, who chairs the House Republican Conference Committee and is the fourth-ranking GOP member in the House of Representatives, was briefed on recent developments involving Potlatch's activities across the country and timber REITs in general. In addition, the discussion covered several legislative issues that are pertinent to the REIT industry, including extension of the Terrorism Risk Insurance Act (TRIA), passage of the Marketplace Fairness Act, FIRPTA reform and the prospects for comprehensive tax reform next year. |
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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© 2014 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. |
09/29/2014
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