Poll: REITs Expected to Beat S&P 500 Index in Next Year

October 13, 2015 · reit.com

Real estate industry professionals expect REITs to outperform the S&P 500 Index during the next 12 months, according to a poll from BMO Capital Markets.

The poll of  attendees at the BMO Capital Markets 10th Annual North American Real Estate Conference in Chicago shows that 45 percent of institutional investors expect REITs to outperform the S&P 500 Index by more than 3 percent in the next year, while 35 percent said REITs could outperform the benchmark by as much as 10 percent.

Blackstone to Buy BioMed Realty in $8 Billion Transaction

October 08, 2015 · reit.com

BioMed Realty Trust, Inc. (NYSE: BMR) said Oct. 8 that private equity firm Blackstone Group L.P. has agreed to acquire the life sciences office and lab space REIT in an all-cash transaction valued at $8 billion.

Blackstone’s real estate arm, Blackstone Real Estate Partners VIII, will pay $23.75 for each outstanding BioMed common share. This represents a premium of about 24 percent above the closing stock price on Sept. 22, the last date before speculation began about a potential sale of the company.

Evercore ISI REIT Research Team Tops Analyst Rankings

October 08, 2015 · reit.com

Evercore ISI Group took first place honors in Institutional Investor magazine’s annual awards honoring the top REIT analyst teams.

The eight-member Evercore ISI team is led by Stephen Sakwa. ISI, which Evercore acquired in October 2014, held the top spot from 2010 to 2014.

Second place was awarded to the 11-member team at Citi, led by Michael Bilerman. This is the sixth consecutive year the Citi team has held second place.

Bank of America Merrill Lynch’s 10-member team, led by Jeffrey Spector, took third place for the third consecutive year.