Apartment REIT IRET Adjusting to Major Changes

Apartment REIT IRET Adjusting to Major Changes

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Mark Decker Jr., president and CEO of IRET (NYSE: IRET), joined Nareit for a video interview at REITworld 2017.

IRET focuses on the ownership, management, acquisition, redevelopment and development of multifamily apartment communities.

Decker took over as president and CEO of IRET in April. He noted that the company’s management team has undergone substantial change in the past six months, as a new CFO and general counsel have also been appointed.

Mark Decker

Published at Tue, 26 Dec 2017 16:58:19 +0000

Boston Properties CEO Says Tenants Driving Demand for Mixed-Use Development

Boston Properties CEO Says Tenants Driving Demand for Mixed-Use Development

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Owen Thomas, CEO of Boston Properties (NYSE: BXP), joined Nareit for a video interview at REITworld 2017.

Boston Properties owns and develops class-A office properties, with a significant presence in Boston, Los Angeles, New York, San Francisco and Washington, D.C.

Thomas commented on the growing popularity of mixed-use developments.

“We are increasingly seeing demand for properties that have all different kinds of uses…tenant demand is driving mixed-use,” Thomas said.

Owen Thomas

Published at Wed, 20 Dec 2017 16:35:22 +0000

Brixmor CEO Expects Asset Sales to Continue

Brixmor CEO Expects Asset Sales to Continue

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James Taylor, Jr., president and CEO of Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a video interview at REITworld 2017.

Brixmor owns and operates a portfolio of open-air shopping centers, with approximately 500 properties located across 38 states.

Taylor said he expects Brixmor’s active pace of dispositions to continue.

Published at Tue, 19 Dec 2017 14:33:08 +0000

Green Street Analyst Sees Limits to Demographic-Driven Demand Forecasting

Green Street Analyst Sees Limits to Demographic-Driven Demand Forecasting

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

Bragg leads Green Street’s strategic research efforts, focusing on broad topics that have implications across property sectors and markets.

One topic that Green Street has focused on lately is Amazon’s decision to establish a second headquarters outside of Seattle. Rather than looking at the likely candidates for the new headquarters, Bragg said Green Street has concentrated on the negative implications for Seattle.

Published at Tue, 19 Dec 2017 16:59:10 +0000

REITs Outperforming Sector’s Long-Term Average in 2017

REITs Outperforming Sector’s Long-Term Average in 2017

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REITs have outperformed the industry’s long-term average in 2017 despite underperforming the broader stock market, according to Brad Case, Nareit senior vice president for research and industry information.

As of Dec. 15, total returns of the FTSE Nareit All REITs Index were 10.2 percent for the year.

Returns in the broader market were dominated by large-cap stocks, especially tech stocks, Case said. That, in turn, made REIT investments look relatively weak.

Published at Wed, 20 Dec 2017 13:56:46 +0000