Neuberger Berman Fund Manager Sees Fundamental Support for Global Real Estate

Neuberger Berman Fund Manager Sees Fundamental Support for Global Real Estate

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Steve Shigekawa, managing director at Neuberger Berman, joined Nareit for a video interview at REITworld 2017.

Neuberger Berman has a positive outlook for global real estate, based on low interest rates, continued strength in equity and debt markets, and supply that is below long-term averages in most markets, Shigekawa said.

Published at Tue, 05 Dec 2017 20:50:09 +0000

VEREIT CEO Says Cole Capital Sale Will Help Complete REIT’s Transformation

VEREIT CEO Says Cole Capital Sale Will Help Complete REIT’s Transformation

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Glenn Rufrano, CEO of VEREIT, Inc. (NYSE: VER), joined Nareit for a video interview at REITworld 2017.

VEREIT manages a portfolio of retail, restaurant, office and industrial real estate assets subject to long-term net leases.

Rufrano reflected on some of the changes that VEREIT has undertaken since he took over as CEO in 2015. Those changes include the sale of $3.1 billion in assets during the last two years. The company has also cut its debt.

Published at Tue, 05 Dec 2017 18:53:20 +0000

Ashford Hospitality Prime CEO Focused on Achieving Highest RevPAR

Ashford Hospitality Prime CEO Focused on Achieving Highest RevPAR

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Richard Stockton, CEO of Ashford Hospitality Prime (NYSE: AHP), joined Nareit for a video interview at REITworld 2017.

Ashford Hospitality Prime invests primarily in full-service luxury hotels and resorts.

Stockton joined the company about a year ago. He said his first task was to develop a strategy for the portfolio and company overall.

Published at Tue, 05 Dec 2017 15:16:26 +0000

Defense Spending Spurring “Robust” Leasing for COPT

Defense Spending Spurring “Robust” Leasing for COPT

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Steve Budorick, president and CEO of Corporate Office Properties Trust (NYSE: OFC), joined Nareit for a video interview at REITworld 2017.

COPT owns office and data center properties primarily in locations that support U.S. government agencies and their contractors, most of which engage in national security, defense and information technology activities servicing priority missions. COPT also owns a portfolio of Class-A office properties.

Published at Mon, 04 Dec 2017 16:33:49 +0000

CEO of Multifamily REIT Independence Realty Says Shift to Renting Has Staying Power

CEO of Multifamily REIT Independence Realty Says Shift to Renting Has Staying Power

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Scott Schaeffer, chairman and CEO of Independence Realty Trust, Inc. (NYSEMKT: IRT), joined Nareit for a video interview at REITworld 2017.

Independence Realty is a multifamily REIT with a strategy of owning B-class assets in non-gateway markets where there is a supply-demand imbalance, according to Schaeffer.

Schaeffer said he believes the current trend toward renting versus buying a home has “long-term staying power.”

Published at Mon, 04 Dec 2017 14:03:51 +0000

FTSE Nareit All REITs Index Up 2.6% in November

FTSE Nareit All REITs Index Up 2.6% in November

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REITs moved higher in November as activity in the retail real estate sector boosted overall market performance, according to analysts.

The total returns of the FTSE Nareit All REITs Index gained 2.6 percent in November, while the S&P 500 posted a total return of 3.1 percent. For the first 11 months of 2017, total returns of the FTSE Nareit All REITs Index gained 9.4 percent, while the S&P 500 returned 20.5 percent.

Published at Fri, 01 Dec 2017 18:58:11 +0000

Healthcare Trust CEO Says Duke Deal “Transformational Opportunity”

Healthcare Trust CEO Says Duke Deal “Transformational Opportunity”

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Scott Peters, chairman, CEO and president of Healthcare Trust of America, Inc. (NYSE: HTA), joined Nareit for a video interview at REITworld 2017.

Healthcare Trust invests in medical office buildings (MOB) on health system campuses, in core community locations or near university medical centers.

Earlier this year, the REIT purchased the MOB portfolio of Duke Realty Corp. (NYSE: DRE) for $2.8 billion.

Published at Fri, 01 Dec 2017 15:36:20 +0000

National Storage Affiliates CEO Says Acquisition Volume Higher in Second Half

National Storage Affiliates CEO Says Acquisition Volume Higher in Second Half

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Arlen Nordhagen, chairman, president and CEO of National Storage Affiliates (NYSE: NSA), joined Nareit for a video interview at REITworld 2017.

National Storage Affiliates owns, operates and acquires self-storage properties located within the top 100 metropolitan statistical areas throughout the United States.

Published at Thu, 30 Nov 2017 18:12:23 +0000

Washington REIT Pursuing “Calculated Leasing Risk” Opportunities

Washington REIT Pursuing “Calculated Leasing Risk” Opportunities

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Paul McDermott, president and CEO of Washington REIT (NYSE: WRE), joined Nareit for a video interview at REITworld 2017.

Washington REIT owns and operates office, retail and multifamily real estate assets in the Washington, D.C. metropolitan region.

According to McDermott, one of the company’s distinguishing attributes is its dedication to research, which enables it to analyze opportunities in terms of the broad, long-term structural demand dynamics for multiple real estate sectors.

Published at Wed, 29 Nov 2017 20:24:46 +0000