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In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, looked at the increase in commercial construction activity and its impact on the real estate market.
Schnure observed that an increase in commercial construction has been evident “across the board,” with third quarter commercial construction spending 16 percent higher than a year ago.
Bruce Schanzer, president and CEO of retail REIT Cedar Realty Trust (NYSE: CDR), previewed the holiday shopping season on the latest edition of the NAREIT Podcast.
Schanzer said his company is forecasting a “modest” year-over-year increase in holiday spending of approximately 3 percent. He added that Cedar Realty expects consumers to remain price-sensitive this year.
David Helfand, president and CEO of Equity Commonwealth (NYSE: EQC), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Equity Commonwealth is one of the largest commercial office REITs in the United States. In May 2014, a new board of trustees and management team were appointed to lead the company, formerly known as CommonWealth REIT, including Sam Zell as board chairman.
Steve Buller, portfolio manager at Fidelity Investments, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Buller discussed the impact of rising interest rates on REITs in both the United States and abroad. He noted that on a historical basis, there has been little correlation between REIT returns and higher interest rates.
Raymond “Rip” Gellein, chairman and CEO of Strategic Hotels and Resorts, Inc. (NYSE: BEE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Strategic Hotels is an owner and asset manager of upper-upscale and luxury hotels and resorts. Gellein assessed the outlook for fundamentals in the sector heading into 2015.
Ric Campo, chairman and CEO of Camden Property Trust (NYSE: CPT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Camden is a Houston-based REIT that owns and operates apartment communities across the United States.
Campo provided an overview of supply fundamentals in the multifamily sector.
C. Patrick Scholes, managing director with SunTrust Robinson Humphrey, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Scholes said healthy fundamentals in the hotel REIT sector are likely to continue into 2015, based on a favorable supply-and-demand balance. Revenue per available room (RevPAR) should accelerate in the first half of 2015, according to Scholes.
John Brady, managing director of RBC Capital Markets, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Brady discussed action in the initial public offering (IPO) market for REITs in 2014, noting that activity “is more back-ended this year than it has been in prior years.”
Going forward, Brady predicts a “healthier” IPO market in general with an uptick in the number of offerings.
