Blog Archive
First REIT in China
June 26, 2015
After years of talk, China’s regulators approved the first REIT to begin trading tomorrow. The announcement stated that this would “provide an alternative way for small investors to invest in the real estate market and lower barriers to entry for investors.”
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Securities offered through The Strategic Financial Alliance, Inc., Member FINRA/SIPC. Advisory Services offered through Lewis Financial Management, LLC which is not affiliated with The Strategic Financial Alliance, Inc.
Past performance may not be indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Lewis Financial Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice.
Wall Street Journal says ”Universities Go on a Tear”
June 25, 2015
A rapid expansion of college and university campuses is happening. Last year construction on developments were over $11 billion, the highest amount since 2008. With low interest rates, many feel that any college thinking about capital expansion should realize that now is a very good time. Cornell University, Columbia University, Univ Texas at Austin, etc. This is probably why the REITs have their eye on student housing. Expect to see more of this in more REITs.
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Source: Wall Street Journal June 24, 2015
Securities offered through The Strategic Financial Alliance, Inc., Member FINRA/SIPC. Advisory Services offered through Lewis Financial Management, LLC which is not affiliated with The Strategic Financial Alliance, Inc.
Past performance may not be indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Lewis Financial Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice.
The Best of Times and The Worst of Times
June 15, 2015
Very interesting news at Cole Capital. Cole, previously one of the largest sellers of non-traded Real Estate Investment Trusts, with a very high reputation, suddenly saw sales plummet this year. As a result of the revelation that their parent company, ARC, intentionally did not correct accounting errors, dozens of Senior Executives have been leaving Cole – and now the President and CEO Michael Ezzell, has resigned. Strangely, the new President will be William Miller who was with American Funds. American is known as having one of the cleanest noses in the investment world. I wonder if he will be able to help Cole regain its status.
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Securities offered through The Strategic Financial Alliance, Inc., Member FINRA/SIPC. Advisory Services offered through Lewis Financial Management, LLC which is not affiliated with The Strategic Financial Alliance, Inc.
Past performance may not be indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Lewis Financial Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice.
Hines Real Estate breaks ground in Denver
June 12, 2015
It looks like the blue-blood Houston-based developer is bringing a 40 story very upscale office tower to downtown Denver: 10’ ceilings, glass walls, 5000sq/ft fitness center etc. Time will tell if Hines will add this to one of their REITS.
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Securities offered through The Strategic Financial Alliance, Inc., Member FINRA/SIPC. Advisory Services offered through Lewis Financial Management, LLC which is not affiliated with The Strategic Financial Alliance, Inc.
Past performance may not be indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Lewis Financial Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice.
REITS on The Street
In today’s WSJ, (6/10/2015) many large Real Estate Investment Trusts are reducing the pay that top executives are receiving due to shareholder concerns. Although REITS in general gave a very high return last year, outperforming the S&P 500, investors still are pressuring senior executives to reduce their compensation of salary and bonuses. This continues to look like good news for the REIT industry. Not only are REITs required to pay at least 90% of taxable income as dividends, but with higher performances than the S&P 500, and lower compensations, I expect another good year for this lesser known investment vehicle.
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Securities offered through The Strategic Financial Alliance, Inc., Member FINRA/SIPC. Advisory Services offered through Lewis Financial Management, LLC which is not affiliated with The Strategic Financial Alliance, Inc.
Past performance may not be indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Lewis Financial Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice.
Bad News May Be Good News
Today’s Wall Street Journal, (6/10/2015) reports that there is a drastic shortage of carpenters, electricians, plumbers and other craftsman. New workers are being paid as much as $30 per hour. This certainly bodes well for the economy. It appears as if there is even more good news on the horizon. Office buildings are showing a shortage of supply in many parts of the country. I am seeing this as very positive news.
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Securities offered through The Strategic Financial Alliance, Inc., Member FINRA/SIPC. Advisory Services offered through Lewis Financial Management, LLC which is not affiliated with The Strategic Financial Alliance, Inc.
Past performance may not be indicative of future results. Information presented here should not be considered a recommendation to buy or sell a particular security. Lewis Financial Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. More information about the adviser including its investment strategies and objectives is available upon request. The material presented here is not financial advice.