The global bond market did not go quietly into the New Year!A few swift moves during the last two weeks of 2017 pushed the 10-year Treasury yields through key levels to the highest since March. The yield curve, which had been relentlessly flattening, steepened the most since September 2016, while market-implied inflation rates reached an eight-month high as U.S. tax cuts were on the brink of becoming law.
Arthur Hurley, senior equity portfolio manager at Columbia Threadneedle Investments, joined Nareit for a video interview at REITworld 2017. Hurley commented on the creation of a headline Real Estate Sector under the Global Industry Classification Standard (GICS) for REITs and other listed real estate companies. He noted that the move has generated a lot more attention for the group from a broader investor base. REIT CEOs, CFOs and investor relations professionals should keep that broader audience in mind as they craft their messages, Hurley said. Click here to download full article (Source: Nareit)
How will REITs and the real estate markets perform in 2018? Are REITs poised for growth in 2018 or will they continue to underperform the stock market? Commercial construction has been on an uptrend for several years; will demand growth keep up? Click here to download full article (Source: Nareit)
I’ve noticed an uptick in the number of people who seem to be concerned about an increase in the inflation rate, and the number of people who have inquired whether real estate—and REITs in particular—provide “a hedge against inflation.” Of course there is substantial disagreement as to whether we are at imminent risk of increased inflation, but the concern is that tightness in employment markets may drive up wage growth, which could then drive up the price level. So I thought it would be a good time to review the historical evidence on the relationship between high inflation and REIT…
As 2017 winds down, we review the performance in the real estate sector over the past year and analyze the potential catalysts that will move markets in 2018. We raise six questions that should be top of mind for REIT investors heading into the new year. Click here to download full article (Source: Seeking Alpha)
Since real estate is inherently local, what happens in New York generally has little impact on London, Berlin or Tokyo. By taking a global approach toreal estate allocations, investors gain access to different property cycles,economic trends and interest-rate environments. We believe the flexibilityto position portfolios globally is more important than ever amid a growing divergence in country and sector fundamentals. Click here to download full article (Source: Cohen & Steers)
Aristotle famously declared man to be, by nature, a social animal. The social nature of human beings has indeed been of interest to philosophers throughout time. Now neuroscience has some contributions to the conversation. “Being socially connected is our brain’s lifelong passion. It’s been baked into our operating system for tens of millions of years,” writes Matthew Lieberman, professor of psychology and biobehavioral science at UCLA. Click here to download full article (Source: EPR Properties)