Retail REIT InvenTrust Looks to Expand in South Florida Market

Retail REIT InvenTrust Looks to Expand in South Florida Market

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Thomas McGuinness, president and CEO of InvenTrust Properties Corp., participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

McGuinness commented on InvenTrust’s recent acquisition of PGA Plaza, a 120,000-square-foot Trader Joe’s grocery-anchored neighborhood center in Palm Beach Gardens, Florida, for $88 million. “PGA Plaza is a property that checks all the boxes for us,” he said.

McGuinness said that although the south Florida market is “very competitive,” it is a market where InvenTrust wants to expand.

Published at Fri, 22 Jun 2018 16:07:20 +0000

STORE Capital on Pace for Roughly $100 Million in Acquisitions Per Month

STORE Capital on Pace for Roughly $100 Million in Acquisitions Per Month

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Christopher Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

When asked about 2018 acquisitions and pricing, Volk said the company has been on a pace to do roughly $100 million of acquisitions a month for the last three years, noting that the capitalization rates “have held pretty steady for most of that time.”

Published at Thu, 21 Jun 2018 15:56:28 +0000

Braemar Hotels & Resorts Taking Disciplined Approach to Acquisitions

Braemar Hotels & Resorts Taking Disciplined Approach to Acquisitions

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Richard Stockton, president and CEO of Braemar Hotels & Resorts, Inc. (NYSE: BHR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Braemar, formerly known as Ashford Hospitality Prime, Inc., underwent a branding change earlier this year. Stockton said the new identity reinforces the company’s focus on the luxury hotel sector.

Published at Wed, 20 Jun 2018 19:08:44 +0000

Regency Centers Benefitting from New Store Openings

Regency Centers Benefitting from New Store Openings

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Hap Stein, chairman and CEO of Regency Centers Corp. (NYSE: REG), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Stein noted that news of distress in the retail sector has obscured the fact that last year 4,000 new stores opened, with 1,000 additional openings recorded so far this year.

Published at Wed, 20 Jun 2018 19:01:16 +0000

CubeSmart’s Southern California and Florida Markets Benefitting from Solid Fundamentals

CubeSmart’s Southern California and Florida Markets Benefitting from Solid Fundamentals

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Chris Marr, president and CEO of CubeSmart (NYSE: CUBE), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Southern California and Florida are among CubeSmart’s top-performing markets. Marr explained that in California, new supply is being kept in check by strict regulations. Given the region’s strong population growth, “it’s a good market dynamic,” he said.

Published at Wed, 20 Jun 2018 14:14:17 +0000

Federal Realty Remains Squarely Focused on Retail

Federal Realty Remains Squarely Focused on Retail

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Donald Wood, president and CEO of Federal Realty Investment Trust (NYSE: FRT), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Wood observed that about 17 percent of Federal Realty’s income stream is generated by its office and residential assets. That ratio could increase to about 21 percent, “but we’re still growing our retail platform too,” he noted.

Published at Tue, 19 Jun 2018 19:39:34 +0000