More REITs Likely To Go Private, Banker Says

Scott Schaevitz, co-head of Americas real estate investment banking at Barclays, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Schaevitz said the window for more REITs to go private remains open.

“Last year, a handful of companies were trading at discounts to net asset value (NAV). Now, you have huge portions of the REIT market that are trading at discounts,” he observed.

News

Fundamentally Speaking: NAREIT T-Tracker Shows Solid REIT Performance

In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, said NAREIT’s T-Tracker series highlights a “solid, sustained” performance for the REIT industry in the third quarter.

NAREIT’s T-Tracker is a comprehensive measure of operating performance for the total listed REIT industry. It looks at funds from operations (FFO), net operating income (NOI) and total dividends paid and reports the data on a quarterly basis.

News

Green Street’s Sullivan says REIT Spinoffs Fueled by High Prices, Wide Earnings Multiples

Jim Sullivan, managing director 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.

Sullivan addressed the factors behind the current interest in REIT spinoffs.

“Real estate prices have never been higher,” Sullivan said. He noted that the Green Street Commercial Property Price Index concludes that real estate pricing in the United States is on average 20 percent higher than at the 2007 peak. “High prices are a primary driver.”

News

Duke Realty CEO Reflects on Accomplishments as Retirement Nears

Denny Oklak, chairman and CEO of Duke Realty Corp. (NYSE: DRE), 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.

Oklak, who is stepping down as CEO at the end of the year, reflected on his tenure at the helm of Duke.

Oklak pointed out that as CEO for almost 12 years, he has been able to accomplish many of the goals he set for the company.

News

Broadstone CEO Sees Best Buying Opportunities in Single-Family Homes in Years

Amy Tait, president and CEO of Broadstone Real Estate, LLC, 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.

Broadstone Real Estate sponsors Broadstone Net Lease, Inc., a private REIT that invests in single-tenant, net-leased properties throughout the United States, and Broadtree Homes, Inc.,  a private REIT that invests in single-family homes for rental in multiple markets.

News

REITWorld 2015: Investors Taking a Harder Look at Real Estate Sustainability

GRESB Panel

As environmental, social and governance (ESG) issues become increasingly important for real estate investors, companies that fall short in these areas are likely to be left behind, according to a panel of sustainability professionals at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT.

Nils Kok, CEO of the Global Real Estate Sustainability Benchmark (GRESB), moderated the panel.

News

LaSalle CEO Sees Hotel Deals Slowing in 2016

Michael Barnello, president and CEO of LaSalle Hotel Properties (NYSE: LHO), 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.

LaSalle focuses on upscale, full-service hotels, in 14 markets across 10 states and the District of Columbia. Barnello gave an overview of fundamentals in the upscale sector of the hotel market.

Michael Barnello

News

American Campus Communities CEO Sees Growing Demand for Study Space

Bill Bayless, president and CEO of American Campus Communities, Inc. (NYSE: ACC), 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 August, American Campus celebrated its 100th student housing development with the construction of U Club Sunnyside, an off-campus community serving students attending West Virginia University (WVU). Bayless said the event had special significance for him because he graduated from WVU.

Bill Bayless

News