Global Medical REIT Growing Quickly Since 2016 IPO

Global Medical REIT Growing Quickly Since 2016 IPO

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Jeffrey Busch, chairman, president and CEO of Global Medical REIT Inc. (NYSE: GMRE), participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day in Washington, D.C.

Global Medical REIT acquires licensed, state-of-the-art, purpose-built health care facilities and leases them to clinical operators with leading market share.

Since its IPO in 2016, the company has acquired more than $500 million in assets, mostly medical office buildings (MOBs) and surgery centers in suburban and secondary markets, Busch said. “We’ve been growing quite quickly,” he noted.

Published at Tue, 13 Mar 2018 15:59:58 +0000

Lazard Portfolio Manager says Cryptocurrencies Could Have Positive Impact on Real Estate

Lazard Portfolio Manager says Cryptocurrencies Could Have Positive Impact on Real Estate

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Jay Leupp, portfolio manager and analyst at Lazard Asset Management, participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day in Washington, D.C.

Leupp discussed the potential impact of bitcoin and other cryptocurrencies on commercial real estate.

“At this point we think it’s a positive impact but we are unclear of what the magnitude will be,” Leupp said. He noted that while cryptocurrencies do facilitate the process of doing business for many industries, it is unclear what future regulation will emerge.

Published at Thu, 08 Mar 2018 15:16:59 +0000

Apartment REIT IRET Focused on Operations Following MOB Sales

Apartment REIT IRET Focused on Operations Following MOB Sales

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Mark Decker Jr., president and CEO of IRET (NYSE: IRET), participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day in Washington, D.C.

Following the sale of two medical office buildings (MOBs) earlier this year, the company is now almost exclusively focused on multifamily assets, Decker said.

“It’s been a big lift on the transactional side so now we’re really going to be focused on operations,” Decker said.

Published at Thu, 08 Mar 2018 17:08:32 +0000

Broadstone’s Residential REIT Focusing Exclusively on Multifamily

Broadstone’s Residential REIT Focusing Exclusively on Multifamily

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Chris Czarnecki, CEO of Broadstone Real Estate, LLC, participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day.

Broadstone is a private REIT that sponsors two investment platforms, Broadtree Residential and Broadstone Net Lease.

Czarnecki discussed Broadstone Residential’s decision to sell its single-family rental portfolio to focus exclusively on multifamily properties.

Published at Wed, 07 Mar 2018 15:22:10 +0000

West Coast Housing Fundamentals Positive, Essex Property Trust CEO Says

West Coast Housing Fundamentals Positive, Essex Property Trust CEO Says

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Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day in Washington, D.C.

Schall discussed fundamentals across the housing sector.

“The national economy is better and that supports our expectation for market rent growth of around 3 percent in 2018,” Schall said. Underlying that estimate is the combination of limited supply and “decent job growth,” he added.

Published at Tue, 06 Mar 2018 17:47:03 +0000

Medical Properties Trust CEO Sees “Tremendous Opportunities” in U.S. and Europe

Medical Properties Trust CEO Sees “Tremendous Opportunities” in U.S. and Europe

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Edward Aldag, Jr., chairman, president and CEO of Medical Properties Trust, Inc. (NYSE: MPW), joined Nareit for a video interview at Nareit’s CEO Forum & Advocacy Day in Washington, D.C.

During 2017, acquisitions contributed to 33 percent growth in assets year-over-year for Medical Properties Trust.

Published at Mon, 05 Mar 2018 19:26:36 +0000