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Memphis-based Education Realty Trust’s announcement that it’s raising its quarterly cash dividend by 40 percent, to $0.07 per share, makes it the second straight day that a REIT announced that it's increasing its dividend. Yesterday, Denver-based UDR raised its dividend $0.20 per share, pushing its...
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After 73 years as a family business, Walker & Dunlop is entering the public markets and is now trading under the ticker symbol "WD."
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It's been a good summer for Steve Winn. The chairman and CEO of Carrollton, Texas-based multifamily software and services provider RealPage took his company public in August, with trading on the NASDAQ beginning August 12. Winn sat down with Multifamily Executive senior editor Chris Wood to share...
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AvalonBay Communities made its big announcement before NAREIT's REIT Investor Week in Chicago even began.
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As 2010 arrives, multifamily REITs find themselves in a much different position than a year ago.
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Though the economy is still struggling, things on Wall Street seem frantic these days.
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In 2005, ING Clarion Partners bought Atlanta-based Gables Residential Trust for $2.8 billion in cash. That same year, Morgan Stanley Real Estate's Prime Property Fund announced that it would buy Chicago-based AMLI Residential Properties for $2.1 billion. Then, in October 2007, the big domino fell—a...
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Earlier this year, analysts braced for equity offerings from companies across the REIT sphere. And in many sectors, that happened. Except, that is, in the apartment market, which has shied away from cash-generating activities thanks to relatively easy access to agency debt.
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When demand exceeds supply, prices rise. That's one of the fundamental principles of economics. But it may not apply in the apartment market during the near term. The outlook for rent recovery in much of the nation doesn't look very promising, even after employment growth levels regain momentum and...