Inland Executive Says Multifamily Demand Bolstering Latest REIT

JoAnn McGuinness, executive vice president of Inland Real Estate Investment Corp., a sponsor of non-listed REITs and private partnerships, has worked with each of the seven REITs sponsored by Inland during her 23-year tenure with the company.

As the company embarks on its newest REIT, Inland Residential Properties Trust, Inc., McGuinness spoke to REIT.com about the dynamics of the multifamily market, trends in the retail segment and Inland’s unique approach to nurturing its female employees.

 

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Fund Manager Says Global Markets Seeking New Equilibrium

Sherry Rexroad, chief investment officer at BlackRock Global Real Estate Securities, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Rexroad commented on the level of investor appetite for risk, given the deceleration of growth in China.

“The global markets are really trying to come to a new equilibrium, one that’s not as dependent on the Federal Reserve or supercharged growth out of China,” Rexroad said.

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VEREIT CEO Focused on Governance, Business Plan

Glenn Rufrano, CEO of VEREIT, Inc. (NYSE: VER), 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.

Rufrano highlighted the priorities that he has set since he took the helm at VEREIT’s predecessor, American Realty Capital Properties, Inc. (ARCP), in March. In addition to changing the name of the company, it was important to re-establish corporate governance in order to continue to gain credibility as a company, Rufrano explained.

Glenn Rufrano, CEO of VEREIT, Inc.

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FelCor Lodging Looking to Create Value from Sales

Richard Smith, president and CEO of FelCor Lodging Trust, Inc. (NYSE: FCH), 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.

In September, FelCor sold the final hotel in its disposition program. Since that time, the company has said it would make opportunistic asset sales. Smith explained the strategy.

“It’s really to create capacity as we move through the cycle and open up the use of proceeds for things that will be higher yielding,” he said.

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Analyst Explains “Healthy Skepticism” Toward REIT Development

Jed Reagan, senior analyst at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Reagan gave an overview of how Green Street sees development in the REIT industry.

“Green Street has a healthy skepticism about the development business. It’s a business that when it works, it can work in a big way, but there are definitely risks that come along with development that can be underappreciated sometimes,” Reagan said.

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First Industrial CEO Encouraged by Fundamentals

Bruce Duncan, president and CEO of First Industrial Realty Trust, Inc. (NYSE: FR), 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.

First Industrial owns industrial real estate in major markets across the United States.

Duncan said he is “very encouraged” by industry fundamentals heading into 2016. During the third quarter, First Industrial’s occupancy rate increased to 95.5 percent from 95.1 percent, he said.

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