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Haendel St. Juste, executive director at Morgan Stanley, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
St. Juste discussed the trends he is seeing among institutional REIT investors active in the single-family rental market. While the sector is still largely dominated by hedge funds, “REIT investors are slowly warming up to it,” St. Juste said.
Phil Hawkins, CEO of DCT Industrial Trust Inc. (NYSE: DCT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
DCT specializes in the acquisition, development, leasing and management of bulk distribution and light industrial properties located in high-volume markets in the United States. Hawkins discussed the state of development activity at the company.
Debra Cafaro, chairman and CEO of Ventas, Inc. (NYSE: VTR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Cafaro discussed Ventas’ recently announced spin-off of its skilled nursing assets into a new REIT, Care Capital Properties, Inc.
Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Marks said fundamentals in the real estate market generally held up in the first half of 2015 throughout all sectors. Fitch Ratings is projecting growth in same store net operating income (SSNOI) along the lines of 3 percent to 4 percent this year.
“Demand remains relatively steady,” said Marks, noting that GDP growth has continued.
John Thomas, CEO of Physicians Realty Trust (NYSE: DOC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Physicians Realty Trust is pursuing an investment-grade rating. Thomas said achieving that status fits with the company’s mentality of building for the long term. Since its founding, company executives have met with the ratings agencies to learn more about the path to obtaining an investment-grade rating, according to Thomas.
Net lease REITs see continued opportunities to expand their operations going forward in both foreign and domestic markets, according to executives speaking at REITWeek 2015: NAREIT’s Investor Forum.
Christopher Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), said he expects acquisition volumes to be higher in the net lease sector in 2016. STORE Capital invested $ 1.1 billion in 2014.
“The (net lease) space itself is embryonic,” he said.
Cell tower REITs expect continued demand for wireless capability to fuel growth prospects in the United States and select foreign markets for many years to come, according to executives presenting at REITWEEK 2015: NAREIT’s Investor Forum.
Crown Castle International Corp. (NYSE: CCI) President and CEO Benjamin Moreland pointed to a 60 percent growth rate in data demand in 2014. At the same time, he noted that information technology firm Cisco anticipates a seven-fold increase in data demand by 2019.
Michael Carroll, CEO of Brixmor Property Group (NYSE: BRX), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Carroll discussed Brixmor’s efforts to “perfect [its] merchandising mix” of tenants.
“We’ve been focused on trying to bring in best-in-class anchors to drive more sales and traffic,” Carroll said. “That leads to better follow-on shop leasing, to more appealing tenants and stronger rates.”
Sean Reilly, CEO of Lamar Advertising Co. (NYSE: LAMR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
After deciding to operate as a REIT in 2012, Lamar made the conversion in the fourth quarter of 2014. “It was a long, but ultimately very fruitful, journey,” Reilly said.
Speaking at a lunch panel on the first day of REITWeek 2015: NAREIT’s Investor Forum, executives from a diverse group of REITs expressed optimism regarding fundamentals in their particular market segments.
During the June 9 session moderated by David Neithercut, president and CEO of Equity Residential (NYSE: EQR) and NAREIT’s 2015 chair, the executives also pointed to favorable conditions in the capital markets.