FTSE Nareit All REITs Index Up 2.3% in August

FTSE Nareit All REITs Index Up 2.3% in August

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REIT returns in August outpaced gains seen the month before, with health care REITs posting the largest advances among all property types.

The total returns of the FTSE Nareit All REITs Index rose 2.3 percent in August, while the S&P 500 rose 3.3 percent. In July, the FTSE Nareit All REITs Index rose 0.8 percent. The total returns of the FTSE Nareit Mortgage REIT Index gained 0.2 percent in August, while the yield on the 10-year Treasury note was flat.

Published at Wed, 05 Sep 2018 12:52:26 +0000

Equity Residential CEO David Neithercut to Retire at Year-End

Equity Residential CEO David Neithercut to Retire at Year-End

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Equity Residential (NYSE: EQR) said Sept. 4 that President and CEO David Neithercut will retire as CEO on Dec. 31. Mark Parrell, who currently serves as executive vice president and CFO, has been appointed president with immediate effect and will succeed Neithercut as CEO at year-end.

Published at Tue, 04 Sep 2018 15:16:57 +0000

EPA ENERGY STAR Scores Expected to Fall After Aug. 27 Metric Changes

EPA ENERGY STAR Scores Expected to Fall After Aug. 27 Metric Changes

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In the latest edition of Nareit’s REIT Report podcast, Leslie Cook, ENERGY STAR program manager at the Environmental Protection Agency (EPA), discusses upcoming revisions to ENERGY STAR score calculations and steps that REITs can take to prepare for the changes.

Published at Fri, 24 Aug 2018 13:27:04 +0000

Essex Property Trust Says West Coast Housing Demand is Strong

Essex Property Trust Says West Coast Housing Demand is Strong

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Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Schall said that with both the economy and job growth doing better than the company had expected, West Coast housing demand is “doing well,” driven by the tech markets.

Published at Mon, 20 Aug 2018 13:29:38 +0000

Daily NAV REIT Market Benefitting from Shift Away from Traditional Non-Listed Products

Daily NAV REIT Market Benefitting from Shift Away from Traditional Non-Listed Products

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Allan Swaringen, president & CEO of JLL Income Property Trust, was a guest on the latest edition of the Nareit REIT Report podcast.

JLL Income Property Trust is a perpetual life, daily NAV REIT that is advised by LaSalle Investment Management and sponsored by JLL.

Published at Thu, 09 Aug 2018 18:04:57 +0000

National Health Investors Looks Toward the Midwest and West in Acquisitions

National Health Investors Looks Toward the Midwest and West in Acquisitions

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Eric Mendelsohn, president and CEO of National Health Investors (NYSE: NHI), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Even though National Health Investors executed $95 million in transactions in the first half of this year, Mendelsohn said it has been a light year for the company.

Published at Mon, 13 Aug 2018 13:36:49 +0000

Alexandria Real Estate Equities Notes “Five Fundamental Pillars” Positive for Life Science Industry

Alexandria Real Estate Equities Notes “Five Fundamental Pillars” Positive for Life Science Industry

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Dean Shigenaga, co-president and chief financial officer of Alexandria Real Estate Equities (NYSE: ARE), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Alexandria Real Estate Equities has been known for its deep executive bench, and Shigenaga says it puts the company in a very fortunate spot.

Published at Mon, 13 Aug 2018 14:33:49 +0000

Equinix Focused on Being an “Interconnection Company First”

Equinix Focused on Being an “Interconnection Company First”

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Peter Van Camp, president and interim CEO of Equinix (NASDAQ: EQIX), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

As Equinix approaches its 20th anniversary, Van Camp notes that the company has 200 data centers in 52 markets around the world.

Published at Mon, 06 Aug 2018 15:15:05 +0000