Week in review for January 14 – 20:
- Showing favorable returns in 2011, REITs prove ideal for income investors. Particularly profitable are the self-storage REITs, which seem to benefit from the home foreclosure trend that has boosted a demand for temporary storage.
- As commercial real estate investment continues to expand in Asian markets, Thailand’s Securities and Exchange Commission prepares regulations for the establishment of REITs. It expects to finalize these rules in the first half of 2012.
- Australian REITs proved resilient in 2011, and are expected to perform extremely well in 2012.
- For hotel investors, supply constraints ensure value in Manhattan properties. Pebblebrook Hotel Trust (PEB) and Hersha Hospitality Trust (HT) are among those expected to enjoy significant success in this gateway market.
- Following a drought in lending at the end of 2011, Goldman Sachs (GS) and Citigroup (C) plan to issue $1.1 billion in CMBS. Wells Fargo (WFC) and JPMorgan Chase (JPM) also report an increase in lending.
- A & P, Sprouts, and now the Belgian-owned Food Lion are among the grocery chains forced to shutter multiple locations.