Digital Realty Pursuing Multiple Expansion Strategies

William Stein, CEO of Digital Realty (NYSE: DLR), 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.

Digital Realty supports the data center and colocation strategies of more than 1,000 firms across its portfolio of data centers located throughout North America, Europe, Asia and Australia.

Stein offered an update on the company’s efforts to achieve the highest possible risk-adjusted returns at the asset level.

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Green Street Projects Real Estate Pricing Adjustment in 2016

Andy McCulloch, managing director and head of real estate analytics 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.

McCulloch discussed the major findings of a recent Green Street report on the real estate cycle. The report concludes that the current commercial real estate cycle is nearing the end of its lifespan, although McCulloch conceded that the cycle could be extended. Valuations have become “fairly expensive,” according to McCulloch.

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Menna Says More REIT Privatizations Likely

Gilbert Menna, partner and chair of Goodwin Procter’s real estate capital markets group and co-chair of its REITs practice, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Menna discussed the pace of REIT privatizations. He noted that while the current rate does not match that seen in the period from 2005 to 2007, it has been supported by a steady flow of private capital.

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Extra Space CEO Highlights Benefits of Acquisition

Spencer Kirk, CEO of Extra Space Storage, Inc. (NYSE: EXR), 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 October, Extra Space completed a $ 1.3 billion acquisition of SmartStop Self Storage, Inc., a public non-listed REIT. Extra Space acquired 122 stores and assumed the property management of 43 stores previously managed by SmartStop.

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