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Developments
Credit Worthy
Investor service rating agencies cite the passage of the REIT Modernization Act (RMA) as a credit plus for REITs. While RMA legislation reduces the REIT minimum distribution requirement to 90 percent from 95 percent, offering REITs more flexibility, it is the Act's creation of Taxable REIT Subsidiaries (TRS) that these credit watchers applaud. [May/June, 2000]

Such a Deal!
Apartment property managers might feel that security deposits are a nuisance. And, sometimes they might find them to be an occasional deal breaker. For property managers who would rather make the process disappear, DepositSaver could be the answer. [May/June, 2000]

That's Entertainment
Cooking demonstrations, cartoons and CNN are only part of the package that shoppers will experience at Simon Property Group malls with the REITs new Turner Broadcasting System Inc. alliance. [May/June, 2000]

Live! It's an Investor Web Cast!
Communicating with investors isn't always easy. But, these days publicly traded real estate companies are finding that task a little less difficult by reaching out to shareholders via the Internet with online conference calls. [May/June, 2000]

Building Velocity
BRE Properties debuted its Project Velocity at its MultiTech 2000 conference March 16, 2000. Those shareholders and REIT analysts in attendance witnessed the interactive, multimedia Lifestyle Solutions technology that BRE is offering to its multi-family tenants and others in the apartment sector. [May/June, 2000]

Maxims for the Future?
While compiling results for Emerging Trends in Real Estate 2000, editors for Lend Lease Real Estate Investments Inc. and PricewaterhouseCoopers LLP found these eight investment "maxims" emerging from the 150-plus real estate investment authorities who responded to their surveys. [May/June, 2000]

Surveying the Compensated
REIT and REOC CEOs make an annual median base salary of $325,000 and long-term incentives account for more than 40 percent of total compensation among senior REIT executives, according to the 1999 Executive Compensation Survey conducted for NAREIT by Deloitte & Touche. [May/June, 2000]

Japan REIT?
The Nikkei 225 jumped two percent last November when the Tokyo Stock Exchange announced that it is considering the addition of a REIT market, a move insiders say could end a 10-year bear market in Japanese land. [March/April, 2000]

Building a Community
When immigrants come to the U.S. they often struggle to learn the language and customs of their new country. This disconnect between parents, children and schools can lead to failure for the family, the school and the community. [March/April, 2000]

ECO-REIT
It was an Alabama summer like every other: hot and humid. Vehicle emission levels were on the rise and red zone alerts were issued to warn the populace. [March/April, 2000]

Service Accessible
When its 6,000 tenants asked Equity Office Properties Trust for improved services, the REIT responded with the launch of Equity Office Access, a business service that provides telecommunications, office suites, motivational speakers and training tools, unique information tools, advertising venues and more. [March/April, 2000]

E-Business, E-Life, Easy
With a little help from RFS Hotel Investors Inc. subsidiary, Centrafuse, small and mid-sized hotel owners can capitalize on the accounting know-how of a multi-million dollar hotel REIT for a fraction of typical implementation costs. [March/April, 2000]

More Info

REIT and Real Estate Related Items
in the administration's Fiscal Year 2001 Proposed Budget



Real Estate Portfolio® is the magazine for REITs and real estate investment.

It is published bimonthly by the National Association of Real Estate Investment Trusts® (NAREIT),
1875 I Street, NW, Suite 600, Washington, DC 20006–5413.
Phone 202-739-9400.