Dispositions Continue at Retail REIT Ramco-Gershenson
Dennis Gershenson, president and CEO of Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Ramco-Gershenson owns and manages multi-anchor shopping centers primarily in about a dozen of the largest metropolitan markets in the United States.
Retail REIT Rouse Gets Takeover Bid from Brookfield
Retail REIT Rouse Properties, Inc. (NYSE: RSE) said Jan. 19 it has received an unsolicited takeover offer from Canadian firm Brookfield Asset Management Inc. (NYSE: BAM).
Brookfield already owns roughly one-third of Rouse and is offering to acquire the remaining 67 percent of the company.
Shopping Center REIT Wheeler Generating Growth from Acquisitions
Jon Wheeler, chairman and CEO of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Wheeler noted that Nov. 19, 2015, marked the third-year anniversary of the company becoming a publicly traded REIT. “Since then we’ve grown exceptionally well,” he said.
More Acquisitions to Come at Retail REIT ROIC, CEO Says
Stuart Tanz, president and CEO of Retail Opportunity Investments Corp. (NASDAQ: ROIC), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
ROIC booked $ 310 million in acquisitions of grocery-based shopping centers during the first nine months of 2015. Tanz noted that the pace in 2015 matched that of the last several years. “Going forward, I think we’ll be able to continue that pace at probably around the same pace or a bit more,” he said.
FIRPTA Reform a Boost to U.S. Real Estate
In the latest episode of the NAREIT Podcast, Jim Fetgatter, chief executive of the Association of Foreign Investors in Real Estate (AFIRE), analyzed the effects of legislative changes to the rules governing foreign investment in U.S. real estate. He also reviewed the results of AFIRE’s annual survey of investors.
Multifamily, Construction Boosting Results at Armada Hoffler
Louis Haddad, president and CEO of Armada Hoffler Properties, Inc. (NYSE: AHH), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Armada Hoffler develops, builds, owns and manages institutional-grade office, retail and multifamily properties in markets throughout the Mid-Atlantic United States. The company specializes in high-barrier-to-entry properties.
FFO Gains Fueled by External Growth, Says National Retail CEO
Craig Macnab, CEO of National Retail Properties, Inc. (NYSE: NNN), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
As of the third quarter of 2015, National Retail’s funds from operations (FFO) were 8.5 percent higher than the year before. Macnab said the gains resulted from maintaining a portfolio that’s about 99 percent occupied.
Hotel REIT Fundamentals Driving Earnings Growth, Says Hersha Executive
Neil Shah, president and COO of Hersha Hospitality Trust (NYSE: HT), joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Shah said fundamentals within the hotel REIT’s core markets are especially solid.
“We have very strong demand fundamentals and very little supply. We feel that it’s one of the best times to be a hotel owner,” he said.
CBL Sees Upside in Tenant Bankruptcies
Stephen Lebovitz, president and CEO of CBL & Associates Properties, Inc. (NYSE: CBL), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
