Essex CEO: Apartment Market Momentum Still Going Strong

Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

According to Schall, the momentum that the apartment industry enjoyed in 2014 carried over into the first half of 2015. In the first quarter, Essex had same property net income growth of 10 percent from the year-earlier period, which Schall credited to the job market on the West Coast.

Michael Schall

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Farmland CEO Sees No Constraints to REIT’s Growth

Paul Pittman, executive chairman, president and CEO of Farmland Partners Inc. (NYSE: FPI), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Farmland Properties, which invests in primary row crop farmland throughout North America, became a stock exchange-listed REIT in 2014. At the time of its initial public offering, its portfolio contained 7,300 acres. That has grown to more than 70,000 acres today.

Paul Pittman

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Luxury, Group Business Boosting Strategic Hotels

Rip Gellein, chairman and CEO of Strategic Hotels & Resorts, Inc. (NYSE: BEE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

In May, the company closed on the acquisition of the Four Seasons Austin hotel for $ 197 million. The hotel is located in the midst of the city’s central business district. Gellein commented on the qualities that attract Strategic Hotels to the Austin market.

Rip Gellein

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