Lehman Brother's David Shulman discusses the lasting benefits of the REIT Modernization Act of 1999.
"The REIT Modernization Act of 1999 (RMA), which went into effect at the beginning of 2001, was heralded by National Association of Real Estate Investment Trusts (NAREIT) as "a new milestone in the evolution of REITs." ... REITs were now able to harness their expertise to grow other businesses, capitalizing on their tenant relationships to build, for example, a telecom company, opening up potentially significant new revenue streams for REITs...To find out what specific effect, a year after its enactment, the RMA has proved to have and what substantial lasting benefits it may hold for the REIT industry, Reis's Sam Truitt speaks with David Shulman, managing director and head REIT analyst at Lehman Brothers."
Thanks to REIS Cast Newsletter
Read the full story: Of REITs and Modernization
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
Record-breaking wildlife overpass in Colorado brings 91% reduction in animal collisions
Prior to the overpass, vehicles were hitting one deer per day on Colorado’s Interstate 25.
Detroit to transform waterfront with $2.2 billion investment
Developers will convert about 18 acres of unused parking lot space into civic spaces.
‘Going backwards:’ Baltimore mayor, students rally against state's transit funding plan
Maryland's proposed six-year plan provides no funding for Baltimore’s BMORE bus program and reduces its road maintenance funding.
Trump wants to cancel nearly 98% of funding for HUD housing support program
Multiple housing groups are suing the administration in an effort to preserve the funding.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Thousand Oaks
City of Wisconsin Rapids
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
Northern Illinois Transit Authority (NITA)
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello