Real Estate Investment SmartBrief
Thanks!
Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
Real Estate Broker
ASTM E-2018 Commercial Real Estate Inspector
HUD 203k Consultant
HUD/FHA Real Estate Appraiser/Reviewer
FannieMae REO ConsultantCTAC LEED-GREEN Certificate The Harris Company, Forensic Appraisers and Real Estate Consultants
*PIRS/Harris Company and the Science of Real Estate-Partners Since 1984*630 North Sepulveda Boulevard, Suite 9A
El Segundo, CA. 90245
310-337-1973 Office
310-251-3959 CellWebSite: http://www.harriscompanyrec.com Resume: http://www.harriscompanyrec.com/rESUME2011.pdf Commercial Appraiser Blog: http://commercialappraiser.typepad.com/blog/ IT'S THE LAW-Designation Discrimination is Illegal [FIRREA, Sec. 564.6]: Professional Association Membership: "A State Certified General Appraiser may not be excluded from consideration for an assignment for a federally related transaction by virtue of membership or lack of membership in any particular appraisal organization," including the appraisal institute. http://www.ofi.state.la.us/re-otspart565.pdf CONFIDENTIALITY/PRIVILEGE NOTICE: This transmission and any attachments are intended solely for the addressee. The information contained in this transmission is confidential in nature and protected from further use or disclosure under U.S. Pub. L. 106-102, 113 U.S. Stat. 1338 (1999), and may be subject to consultant/appraiser-client or other legal privilege. Your use or disclosure of this information for any purpose other than that intended by its transmittal is strictly prohibited and may subject you to fines and/or penalties under federal and state law. If you are not the intended recipient of this transmission, please destroy all copies received and confirm destruction to the sender via return transmittal.
From: Real Estate Investment SmartBrief [mailto:[email protected]]
Sent: Monday, February 29, 2016 9:05 AM
To: [email protected]
Subject: Apollo mortgage REITs merge in $641M deal
Apollo mortgage REITs merge in $641M deal | ETF manager says now is a good time to buy REITs | Income-generating stocks are holding up in volatile times
Created for [email protected] | Web Version
February 29, 2016
The daily source on REITs and real estate investment
SIGN UP|FORWARD|ARCHIVE|ADVERTISE
Top News
Apollo mortgage REITs merge in $641M deal
Apollo Commercial Real Estate Finance announced it will buy Apollo Residential Mortgage for $641 million in a cash-and-stock transaction. Both are mortgage REITs externally managed by an indirect subsidiary of Apollo Global Management. As part of the transaction, Apollo Commercial Real Estate Finance has entered into an agreement with Athene Holding to sell $1.2 billion of residential mortgage-backed securities. GlobeSt.com (2/29), Barron's (subscription required) (2/26)
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Investment News
ETF manager says now is a good time to buy REITs
The recent drop in REIT stock valuations has made them an attractive investment, says Adam Patti, CEO of IndexIQ and manager of the US Real Estate Small Cap ETF. "By getting in now, you're getting into a secure asset class that has already been beaten down," he says. The Denver Post/The Associated Press (2/28)
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Income-generating stocks are holding up in volatile times
Income-generating stocks are attracting investment as investors realize the benefits of regular dividends in a volatile market. Stocks in the S&P High Yield Dividend Aristocrats Index are up 1.91% year to date, compared with a negative total return for the S&P 500 Index of 4.3%. The Wall Street Journal (tiered subscription model) (2/28)
Share:
§ REITs move closer to reality in India with tax change
The Economic Times (India)/ETRealty (2/29)
Share:
§ Skybridge reportedly shifts $1B from hedge funds to cash-generating securities
Bloomberg (2/26)
Share:
Real Estate Marketplace
REITs sell off Class B malls
REITs have been selling off their Class B mall holdings to institutional investors and private buyers, with some 20 trading in 2015, according to Green Street Advisors, which predicts the pace will increase this year. In many cases, buyers are investing in redevelopment and repositioning of these assets, hiring third-party experts when they lack the management expertise needed. National Real Estate Investor online (2/26)
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Hotels achieve record occupancy, but still face challenges
Last year was a record one for occupancy at US hotels, but urban properties are facing challenges including reduced international travel, pressure from Airbnb rentals and a rise in short-term cancellations. The lack of cancellation fees at most hotels is prompting travelers to cancel at the last minute and rebook to take advantage of lower rates as hotels compete. Lodging magazine (2/2016)
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Hotel operators say Airbnb is not a significant threat
The American Hotel & Lodging Association recently made public a study that showed that 40% of Airbnb's revenue comes from people operating multiple units, highlighting the threat Airbnb poses to hotels. However, hotel operators say the platform is not yet a significant threat. The Washington Post (tiered subscription model) (2/26)
Share:
Arbor Realty Trust buys Arbor Commercial Mortgage for $250M
Arbor Realty Trust has agreed to acquire Arbor Commercial Mortgage, a national multifamily agency loan origination and servicing platform, for $250 million in a stock-and-cash transaction. The acquisition will give Arbor Realty Trust a vehicle from which to originate as well as provide a servicing-fee revenue stream, officials said. GlobeSt.com (2/29)
Share:
Policy & the Economy
Retailers face wage inflation
A tightening labor market and minimum wage increases in some municipalities are exerting wage pressures on retailers. Several, including Lowe's, Kohl's and TJX, have cited wage inflation as a concern this year, but the increases are expected to be manageable for most merchants, analysts said. The Wall Street Journal (tiered subscription model) (2/27)
Share:
REIT.com Resources
Brought to you by NAREIT, REIT.com is your source for the latest real estate investment data & analysis, news, policy developments and industry information. Among the featured resources on REIT.com are: REIT DirectoryWhat is a REIT?REITs Across AmericaREIT.com Videos
Share:
SmartQuote
Being powerful is like being a lady. If you have to tell people you are, you aren't."
Thanks!
Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
Real Estate Broker
ASTM E-2018 Commercial Real Estate Inspector
HUD 203k Consultant
HUD/FHA Real Estate Appraiser/Reviewer
FannieMae REO ConsultantCTAC LEED-GREEN Certificate The Harris Company, Forensic Appraisers and Real Estate Consultants
*PIRS/Harris Company and the Science of Real Estate-Partners Since 1984*630 North Sepulveda Boulevard, Suite 9A
El Segundo, CA. 90245
310-337-1973 Office
310-251-3959 CellWebSite: http://www.harriscompanyrec.com Resume: http://www.harriscompanyrec.com/rESUME2011.pdf Commercial Appraiser Blog: http://commercialappraiser.typepad.com/blog/ IT'S THE LAW-Designation Discrimination is Illegal [FIRREA, Sec. 564.6]: Professional Association Membership: "A State Certified General Appraiser may not be excluded from consideration for an assignment for a federally related transaction by virtue of membership or lack of membership in any particular appraisal organization," including the appraisal institute. http://www.ofi.state.la.us/re-otspart565.pdf CONFIDENTIALITY/PRIVILEGE NOTICE: This transmission and any attachments are intended solely for the addressee. The information contained in this transmission is confidential in nature and protected from further use or disclosure under U.S. Pub. L. 106-102, 113 U.S. Stat. 1338 (1999), and may be subject to consultant/appraiser-client or other legal privilege. Your use or disclosure of this information for any purpose other than that intended by its transmittal is strictly prohibited and may subject you to fines and/or penalties under federal and state law. If you are not the intended recipient of this transmission, please destroy all copies received and confirm destruction to the sender via return transmittal.
From: Real Estate Investment SmartBrief [mailto:[email protected]]
Sent: Monday, February 29, 2016 9:05 AM
To: [email protected]
Subject: Apollo mortgage REITs merge in $641M deal
Apollo mortgage REITs merge in $641M deal | ETF manager says now is a good time to buy REITs | Income-generating stocks are holding up in volatile times
Created for [email protected] | Web Version
February 29, 2016
The daily source on REITs and real estate investment
SIGN UP|FORWARD|ARCHIVE|ADVERTISE
Top News
Apollo mortgage REITs merge in $641M deal
Apollo Commercial Real Estate Finance announced it will buy Apollo Residential Mortgage for $641 million in a cash-and-stock transaction. Both are mortgage REITs externally managed by an indirect subsidiary of Apollo Global Management. As part of the transaction, Apollo Commercial Real Estate Finance has entered into an agreement with Athene Holding to sell $1.2 billion of residential mortgage-backed securities. GlobeSt.com (2/29), Barron's (subscription required) (2/26)
Share:
Investment News
ETF manager says now is a good time to buy REITs
The recent drop in REIT stock valuations has made them an attractive investment, says Adam Patti, CEO of IndexIQ and manager of the US Real Estate Small Cap ETF. "By getting in now, you're getting into a secure asset class that has already been beaten down," he says. The Denver Post/The Associated Press (2/28)
Share:
Income-generating stocks are holding up in volatile times
Income-generating stocks are attracting investment as investors realize the benefits of regular dividends in a volatile market. Stocks in the S&P High Yield Dividend Aristocrats Index are up 1.91% year to date, compared with a negative total return for the S&P 500 Index of 4.3%. The Wall Street Journal (tiered subscription model) (2/28)
Share:
§ REITs move closer to reality in India with tax change
The Economic Times (India)/ETRealty (2/29)
Share:
§ Skybridge reportedly shifts $1B from hedge funds to cash-generating securities
Bloomberg (2/26)
Share:
Real Estate Marketplace
REITs sell off Class B malls
REITs have been selling off their Class B mall holdings to institutional investors and private buyers, with some 20 trading in 2015, according to Green Street Advisors, which predicts the pace will increase this year. In many cases, buyers are investing in redevelopment and repositioning of these assets, hiring third-party experts when they lack the management expertise needed. National Real Estate Investor online (2/26)
Share:
Hotels achieve record occupancy, but still face challenges
Last year was a record one for occupancy at US hotels, but urban properties are facing challenges including reduced international travel, pressure from Airbnb rentals and a rise in short-term cancellations. The lack of cancellation fees at most hotels is prompting travelers to cancel at the last minute and rebook to take advantage of lower rates as hotels compete. Lodging magazine (2/2016)
Share:
Hotel operators say Airbnb is not a significant threat
The American Hotel & Lodging Association recently made public a study that showed that 40% of Airbnb's revenue comes from people operating multiple units, highlighting the threat Airbnb poses to hotels. However, hotel operators say the platform is not yet a significant threat. The Washington Post (tiered subscription model) (2/26)
Share:
Arbor Realty Trust buys Arbor Commercial Mortgage for $250M
Arbor Realty Trust has agreed to acquire Arbor Commercial Mortgage, a national multifamily agency loan origination and servicing platform, for $250 million in a stock-and-cash transaction. The acquisition will give Arbor Realty Trust a vehicle from which to originate as well as provide a servicing-fee revenue stream, officials said. GlobeSt.com (2/29)
Share:
Policy & the Economy
Retailers face wage inflation
A tightening labor market and minimum wage increases in some municipalities are exerting wage pressures on retailers. Several, including Lowe's, Kohl's and TJX, have cited wage inflation as a concern this year, but the increases are expected to be manageable for most merchants, analysts said. The Wall Street Journal (tiered subscription model) (2/27)
Share:
REIT.com Resources
Brought to you by NAREIT, REIT.com is your source for the latest real estate investment data & analysis, news, policy developments and industry information. Among the featured resources on REIT.com are: REIT DirectoryWhat is a REIT?REITs Across AmericaREIT.com Videos
Share:
SmartQuote
Being powerful is like being a lady. If you have to tell people you are, you aren't."
commercial appraiser, commercial appraisal, commercial appraiser la
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