Freestanding Retail REITs Expected to Continue Outperformance

Freestanding retail REITs are likely to remain market outperformers as long as the broader macroeconomic outlook remains uncertain, according to analysts.

As of Feb. 19, returns for freestanding retail REITs were 14.5 percent higher year-to-date. That compares with a 5.9 percent decline in returns for the FTSE/NAREIT All REIT Index.

R.J. Milligan, a senior analyst at Robert W. Baird & Co., describes the segment as “one of the top performers over the past 10 years.”

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Health and Wellness Increasingly Important, Welltower Executive Says

Jay Morgan, senior vice president of operations at Welltower (NYSE: HCN), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Welltower is a health care REIT focusing on senior housing, post-acute care and long-term care facilities. As a health care REIT, Welltower’s tenants are particularly interested in healthy environments and well-being, according to Morgan.

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Apartment Market Yet to Hit Peak

In the latest episode of the NAREIT Podcast, David Kessler, partner with CohnReznick, discussed major themes in the apartment and office markets.

Regarding the multifamily sector, Kessler noted that speculation is growing that the sector is approaching its peak. He rebutted that suggestion, however.

“I think [the multifamily sector] has a long way to go still because we’re so far away from the norms as far as supply and demand,” Kessler said.

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Transparency Vital to Sustainability Engagement, Iron Mountain Executive Says

Kevin Hagen,  director of corporate responsibility at Iron Mountain (NYSE: IRM), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Iron Mountain is an S&P 500 company that provides storage and information management services in 36 countries.

Hagen described transparency as “the currency of the realm” when it comes to sustainability: “There really is no substitute for it.”

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Kimco Getting Results from Lighting Retrofits, Executive Says

Will Teichman, senior director of strategic operations at Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Teichman gave an update on Kimco’s efforts to retrofit all of its upper-end shopping centers with LED lighting. The project started at the beginning of 2015, and to date, Kimco has retrofitted more than 100 properties, representing about a quarter of its total net asset value.

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REITs Continue Leadership on Sustainability, Advocate Says

Cliff Majersik, executive director at the Institute for Market Transformation (IMT), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

IMT is a nonprofit organization promoting energy efficiency, green building and environmental protection in the United States and abroad.

Majersik noted that during the past year, REITs have continued their sustainability leadership.

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Management Involvement Key to Sustainability, Equity One Executive Says

Joe Lopez, senior vice president of property management and director of environmental impact at Equity One, Inc. (NYSE:  EQY), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Equity One owns and operates retail assets, with a portfolio concentrated in New York, San Francisco, Los Angeles and South Florida.

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Sustainability Expectations Need To Be Managed, Kilroy Executive Says

Sara Neff,  vice president of sustainability at Kilroy Realty Corp. (NYSE: KRC), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Kilroy owns and operates office properties in the coastal regions of greater Seattle, the San Francisco Bay area, Los Angeles, San Diego and California’s Orange County. Kilroy was a co-winner in the office sector of the 2015 NAREIT Leader in the Light Awards.

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