NEW YORK CITY-One reason for the rating change is that the firm's efforts to position itself as a global real estate provider will prove challenging. That program will require integrating disparate and geographically diverse operations.
NEW YORK CITY-The Morgan Stanley REIT Index is down 0.9%, while the much pummeled Nasdaq returned a 12.1% gain year-to-date. Fourth quarter FFO is expected to be up thanks to healthy real estate fundamentals and strong internal growth.
NEW YORK CITY-The acquiring company, RentPort, updates credit bureaus about the payment histories of tenants. The firm it purchased, CreditRetriever, provides access to the prospective tenant's credit history.
NEW YORK CITY-The new group will identify and develop e-commerce and traditional opportunities for the real estate services firm. Falus had been president of Cushman & Wakefield of New York Inc.
NEW YORK CITY-The improved ratings are attributed, in part, to the firm's successful integration of two recently acquired firms, the variety of its products and the diversification of its real estate loans by geography and tenant mix.
NEW YORK CITY-REIT mutual funds had net inflows of $2.4 million, although assets had their first week-over-week decline in more than two months. Many investors are focused on what the Fed will do about interest rates.