Prologis Increasing Permitted Land Sites for Build-to-Suit Development

Prologis Increasing Permitted Land Sites for Build-to-Suit Development

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Industrial REIT Prologis, Inc.’s (NYSE: PLD) supply of permitted land sites in global locations means it can continue to meet the increasing demand for build-to-suit development activity in 2018, according to Michael Curless, the company’s chief investment officer.

Published at Tue, 16 Jan 2018 17:40:00 +0000

Self-Storage REIT Outlook Remains Positive, Green Street Analyst Says

Self-Storage REIT Outlook Remains Positive, Green Street Analyst Says

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Ryan Burke, an analyst at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.

Burke discussed the performance of the self-storage sector and its long-term outlook.

“Despite near-term pressures, we continue to think the long-term outlook is pretty good,” Burke said. However, he added that he expects some softening of the “very easy and supportive operating environment” that self-storage REITs have experienced in the past several years.

Published at Thu, 11 Jan 2018 19:23:18 +0000

Green Street Says Smaller REITs Can Take Steps to Attract Institutional Investors

Green Street Says Smaller REITs Can Take Steps to Attract Institutional Investors

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Philip Owens, managing director at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.

Owens discussed some of the unique opportunities and challenges faced by smaller REITs.

“Smaller REITs tend to get ignored more than they should,” according to Owens.

Philip Owens

Published at Fri, 12 Jan 2018 13:41:20 +0000

How the New Tax Law Affects REITs

How the New Tax Law Affects REITs

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Cathy BarreThe tax bill signed into law last month by President Donald J. Trump, the Tax Cuts and Jobs Act (TCJA), includes a number of provisions related to REIT and real estate investment. Cathy Barré, Nareit’s senior vice president for policy and politics, appeared on Nareit’s REIT Report Podcast to offer her insights on the bill’s effect on REITs.

Published at Thu, 11 Jan 2018 21:39:30 +0000

National Retail Properties Focused on Direct, Off-Market Retail Relationships

National Retail Properties Focused on Direct, Off-Market Retail Relationships

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Julian Whitehurst, president and CEO of National Retail Properties, Inc. (NYSE: NNN), joined Nareit for a video interview at REITworld 2017.

National Retail owns single-tenant, broadly diversified retail properties across the United States.

Whitehurst commented on National Retail’s acquisition strategy. He noted that the company’s primary focus is on developing direct, off-market business relationships with growing regional and national retailers.

Julian Whitehurst

Published at Thu, 11 Jan 2018 15:51:30 +0000

Apple Hospitality Continuing to Source Deals in Competitive Environment

Apple Hospitality Continuing to Source Deals in Competitive Environment

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Justin Knight, president and CEO of Apple Hospitality REIT, Inc. (NYSE: APLE), joined Nareit for a video interview at REITworld 2017.

Apple Hospitality’s portfolio encompasses the Hilton and Marriott families of brands, with locations in urban, high‐end suburban and developing markets throughout 34 states.

Justin Knight

Published at Thu, 11 Jan 2018 14:23:33 +0000

Global Real Estate Investor Says Brexit Still Impacting UK Fundamentals

Global Real Estate Investor Says Brexit Still Impacting UK Fundamentals

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Sherry Rexroad, chief investment officer for the Americas at BlackRock Global Real Estate Securities, joined Nareit for a video interview at REITworld 2017.

Rexroad commented on investment conditions around the globe.

In the United Kingdom, uncertainty surrounding Brexit remains and is impacting fundamentals and valuations, according to Rexroad. As for Northern Europe, growth has been accelerating on the back of particularly good demand and limited supply, she said.

Published at Wed, 10 Jan 2018 20:32:24 +0000

Leisure and Hospitality REIT VICI Properties Focused on Experiential Real Estate

Leisure and Hospitality REIT VICI Properties Focused on Experiential Real Estate

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Ed Pitoniak, CEO of VICI Properties Inc. (OTC: VICI), joined Nareit for a video interview at REITworld 2017.

VICI Properties, which was formed in the second half of 2017, owns a portfolio of gaming, hospitality and entertainment destinations that are operated by Caesars Entertainment Corp., including Caesars Palace in Las Vegas.

While the portfolio consists of gaming properties, the company sees the assets fundamentally as leisure and hospitality properties, Pitoniak explained.

Ed Pitoniak

Published at Tue, 09 Jan 2018 15:13:40 +0000