Kilroy Realty Founder Jim Kilroy Dies at 94

October 05, 2016 ·
Jim Kilroy

John B. “Jim” Kilroy, Sr. died on Sept. 29 at the age of 94, according to multiple media reports.

Kilroy began his career in the real estate industry in 1947 with the founding of Kilroy Industries, which incorporated five years later. The privately held company focused on serving the defense and aerospace industries after World War II.

REITs Fall in September

October 03, 2016 ·

REITs lost ground in September, as a combination of concerns about interest rate movements, property valuations and new supply appeared to weigh on investors.

The total return of the FTSE/NAREIT All REIT Index dropped 1.4 percent in September, while the S&P 500 index added 0.02 percent.

For the year through Sept. 30, the total return of the FTSE/NAREIT All REIT Index was 12.6 percent, while the S&P 500 posted a total return of 7.8 percent. The yield on the 10-year Treasury note dropped 0.7 percent in the first nine months of 2016.

Four Corners Property Trust Looking in New Directions

September 20, 2016 ·
Four Corners Property Trust

Four Corners Property Trust, Inc. (NYSE: FCPT), which spun off from Darden Restaurants Inc.  in November 2015, sees significant external growth potential in the fragmented restaurant real estate sector, according to CEO Bill Lenehan.

At the time of the spinoff, the triple-net lease REIT’s portfolio included 300 Olive Garden restaurants, 104 LongHorn Steakhouse restaurants, 11 Bahama Breeze restaurants, two Seasons 52 restaurants and one Wildfish Seafood Grille restaurant.