Forest City Enterprises Reveals Plans to Operate as a REIT

January 14, 2015 · reit.com

Forest City Enterprises, Inc., (NYSE: FCEA) said Jan. 13 that its Board of Directors has approved a plan for the company to operate as a REIT beginning in 2016.

Publicly traded since 1960, Forest City currently has C-Corp status and is considered a real estate operating company (REOC). The company’s portfolio is focused on urban real estate assets in the office, retail and apartment sectors.

The announcement boosted the price of Forest City stock. After closing Jan. 13 at $22.21, Forest City shares closed at $24.72 on Jan. 14.

Obama Signs TRIA Extension Into Law

January 13, 2015 · reit.com
TRIA

President Barack Obama on Jan. 12 signed legislation into law to reauthorize the Terrorism Risk Insurance Act (TRIA) through the end of 2020.

Congress adjourned in December without passing a bill to extend the TRIA program, which stalled in the Senate following the addition of an unrelated provision. The program expired at the end of 2014; however, upon returning to work on Jan. 6, the House of Representatives and Senate quickly went to work on a reauthorization bill.

U.S. Still Premier Location for Global Real Estate Investors, Survey Shows

January 12, 2015 · reit.com

Global investors continue to view the United States as the most stable and secure destination for real estate investment, according to a survey from the Association of Foreign Investors in Real Estate (AFIRE).

Germany ranked second and the United Kingdom was voted third in terms of the most attractive markets for cross-border investment.