CBL Properties Continuing to Reposition Tenant List

CBL Properties Continuing to Reposition Tenant List

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Stephen Lebovitz, president and CEO of CBL Properties (NYSE: CBL), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Lebovitz said the REIT has been working to increase the share of non-apparel tenants in its portfolio. During the first quarter, 70 percent of leasing occurred with non-apparel tenants in favor of food and beverage, entertainment, fitness, and other service providers.

Published at Mon, 18 Jun 2018 12:47:51 +0000

MedEquities Says Fundamentals “Pretty Good” in Most Health Care Segments

MedEquities Says Fundamentals “Pretty Good” in Most Health Care Segments

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John McRoberts, chairman and CEO of MedEquities Realty Trust, Inc. (NYSEMKT: MRT), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

McRoberts said the acute and post-acute health care segments in which the REIT operates continue to present opportunities. “Fundamentals are pretty good.”

Published at Mon, 18 Jun 2018 13:00:25 +0000

REIT Portfolio Managers Watching Capital Formation, M&A Activity and Risk-Taking

REIT Portfolio Managers Watching Capital Formation, M&A Activity and Risk-Taking

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Laurel Durkay, portfolio manager at Cohen & Steers, and J. Scott Craig, portfolio manager at Eaton Vance, were guests on a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference.

Durkay and Craig discussed several key topics, including the messages from REIT management teams that they are paying most attention to.

Published at Thu, 14 Jun 2018 19:36:07 +0000

EdR Taking Steps to Narrow Gap Between Public and Private Market Valuations

EdR Taking Steps to Narrow Gap Between Public and Private Market Valuations

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Randy Churchey, chairman and CEO of EdR (NYSE: EDR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Churchey discussed steps EdR is taking to narrow the gap between public and private valuations.

“Most REITs are trading at a discount to net asset value (NAV), which is very frustrating for all of us,” Churchey said. He noted that EdR is trying to communicate to the public where private transaction cap rates stand versus the implied cap rate of EdR’s stock.

Published at Thu, 14 Jun 2018 13:24:06 +0000

REIT Industry Likely to See More Consolidation, Real Estate Advisor Says

REIT Industry Likely to See More Consolidation, Real Estate Advisor Says

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Mary Hogan Preusse, founder and principal of consulting, investment and advisory services firm Sturgis Partners LLC, participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Hogan Preusse sits on the boards of four public REITs. She noted that some of the most common issues facing boards today surround succession and making the boardroom look “more like America.” Other key issues include executive compensation.

Published at Wed, 13 Jun 2018 20:01:00 +0000

CBRE Sees Drive Toward Creating Alpha at Property Management Level

CBRE Sees Drive Toward Creating Alpha at Property Management Level

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Drew Genova, executive managing director at commercial real estate services and investment firm CBRE, participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Genova is responsible for the overall management and coordination of client relationships for CBRE’s key strategic account clients throughout the United States.

Published at Wed, 13 Jun 2018 19:18:17 +0000

Urstadt Biddle Remains Focused on Metropolitan New York Grocery-Anchored Centers

Urstadt Biddle Remains Focused on Metropolitan New York Grocery-Anchored Centers

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Willing Biddle, president and CEO of Urstadt Biddle Properties Inc. (NYSE: UBA), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Biddle highlighted the company’s strategy to focus on grocery-anchored shopping centers around New York City. Urstadt Biddle’s portfolio also includes smaller retail infill properties and shopping centers located next to regional malls.

Published at Wed, 13 Jun 2018 13:18:15 +0000