Lifestyle changes, a housing-stock shortage and high homes prices have led to more people than ever—of all ages—choosing to rent an apartment rather than buy a home, and a serious apartment shortage is also in progress, speakers at PCBC tell attendees.

The joint venture currently owns and operates 8.8 million square feet of logistics space in the Sao Paulo and Rio de Janeiro markets.

The U.S. Attorney's office contends that the fraud resulted in an intended overstatement of American Realty Capital's AFFO of approximately $13 million and an intended overstatement of AFFO per share by approximately