Nareit Developments

REITPAC continued a stretch of successful contribution years in 2019, with executives from 75 Nareit members contributing more than $1.2 million.

The Bureau of Labor Statistics’ December jobs report, released on Friday, Jan. 10, shows a slowing job market at the end of 2019, says Calvin Schnure, Nareit’s senior vice president of research and economic analysis.

The grant will be used by Kauai Habitat for Humanity to build a self-help four-bedroom, two-bathroom home in Eleele, Kauai, for a low-income family.

REIT has pledged $500,000 to Los Angeles’ Union Rescue Mission.

Rep. Scott Peters (D-CA) visited the headquarters of Realty Income Corporation in San Diego. 

Member REITs can submit their IRS Form 1099-DIV data to Nareit for posting on the Nareit website.

The updated chart includes withholding rates for individuals, non-individual entities, pension trusts, and tax-exempt charities.

Nareit also attended 56 institutional investment conferences during the year.

Nareit’s CEO Forum & Advocacy Day will take place Feb. 25-26, 2020 in Washington, D.C.

Late on Dec. 20 President Trump signed a major appropriations measure, the Further Consolidated Appropriations Act, 2020, or H.R. 1865, to fund the Federal Government through Fiscal Year 2020.

Nareit members made a variety of financial announcements this year.

In 2019, 10 Nareit member REITs changed their company names.