In case you missed it: REITs outperform stock market, Mexican resorts shore up image
Sep 10, 2012
In the whirl of a short week and back-to-school season, you may have missed some of last week’s big stories. Take a few minutes to catch up on the latest commercial real estate news that we’ve been watching.
CNBC: REITs Still Offer Shelter from the Storm
Dinah Wisenberg Brin writes about the strength of real estate investment trusts (REITs), which have outperformed the broader stock market. Over the last three years ending July 31, the FTSE NAREIT All REITs Index had earned 28 percent in average annual returns, compared with about 14 percent for the S&P 500. Jump to the article for more data on REIT performance.
Wall Street Journal: Resorts Make Pitch for Mexico’s Reputation
Mexico’s resorts are trying to revamp the country’s image in the wake of recent drug violence in Acapulco and Mazatlan. Many Americans are interpreting the State Department’s warnings to “use caution” in these two cities as an alert to avoid the entire country. Through parties and online campaigns, these resorts are working to show that resort town violence is an anomaly. Click through to read more about these marketing campaigns.
New York Times: 2 Real Estate Firms Strike $2.9 Billion Deal
The Realty Income Corporation will acquire American Realty Capital Trust in a $2.9 billion deal. The combination of the two will become the 18th largest real estate investment trust in the U.S., with a portfolio containing more than 3,250 properties. The deal will likely close in the fourth quarter of 2012 or early 2013. Hop over to the New York Times for the full details.
Author: Raymond T. Cirz