Fitch Ratings Inc.

Bank Borrowing Risks Remain for REITs

U.S. REITs may find themselves with less liquidity available at commercial banks, as public and private bond markets become less robust through the next phase of the capital markets cycle, warns Fitch Ratings Managing Director Steven Marks.

Global Medical Buys $64M MOB Portfolio in Ohio

Marietta Memorial Hospital—a division of the Memorial Health System, a Fitch BB-rated health structure—currently leases four assets.

Will Millennial Homeownership Impair Multifamily REITs?

The U.S. homeownership rate increased in 2017 for the first time in 13 years, indicating Millennials may be returning to the single-family market. Fitch Ratings Managing Director Steven Marks delves into the impact of this trend reversal.

CMBS’s Coming Headwinds

The CMBS market is well positioned for another stable year, but at this late stage in the current cycle, the market faces a number of challenges.

US REITs Benefit From Prolonged Recovery

Steven Marks, Fitch Ratings’ head of U.S. REITs, shares the firm’s 2018 outlook for the sector, including which property types should fare best this year.

Hesperia Sabinal, Almeria, Spain

NH Hotel Group Lands $3B Merger Bid

The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.

How the ‘Amazon Factor’ Cascades to Mall REITs

As pressure on the retail sector continues to mount, it’s worth discussing how Amazon’s increasing market share could impact traditional retailers, argues Fitch Ratings Head of U.S. REITs Steven Marks.

US Equity REITs Keep Development Exposure in Check

REITs continue to maintain the discipline they’ve exhibited throughout this post-crisis cycle, with several sectors’ growth in tenant demand keeping pace with the development pipeline, observes Steven Marks, Fitch Ratings’ Head of U.S. REITs.

Stephen Boyd, Senior Director, Fitch Ratings

Fitch: More U.S. Lodging Consolidation Is Expected

The growing power of industry leaders will drive more lodging consolidation, with Hyatt and La Quinta as desirable targets, per the rating agency’s most recent report on hospitality. Such growth strategies are also a way to balance the competitive environment disrupted by alternative accommodation operators.

Institutional Update: New Life

Life insurance companies, long active in commercial real estate investment, have been stepping up their involvement.