Contents
34
Features
19 Turning the Page
After a tumultuous 2009, NAREIT Chair Debra Cafaro and
other REIT execs look ahead to challenges and opportunities in
2010
30 Cross-Border Capital
Investors abroad show interest in commercial real estate
in the United States
34 Built to Last
Liberty Property Trust rides out recession in classic model
38 Rising Optimism at REITWorld
A recap of REITWorld 2009: NAREIT’s Annual Convention
For All Things REIT
38
Columns and Departments
4
Taking Stock
A New Chapter Begins
6
Editor’s Desk
What’s in a Name?
8
In the K[now]
The latest news and insights in the REIT and real estate industry
12
Four Quick Questions
With Sheridan Schechner of Barclays Capital
8
14
One-on-One
With Host Hotels & Resorts’ Ed Walter
40
Investor Insights
Q&A with Mercer’s David Nix and Michelle Reuter
42
Capital Markets
The future of internal funds and JVs as a viable capital source
46
Names to Note
People making news and moves in the REIT and
publicly traded real estate industry
48
In Closing
After the flood: guiding investors in a slow-growth world
14
On the cover: Photograph by Gary Landsman