REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Susan Persin, senior managing director at Trepp LLC, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
With REITs outperforming the broader market so far this year, Persin was asked whether she expects fundamentals to support the market for the rest of 2014.
Eugene Landy, founder and chairman of Monmouth Real Estate Investment Corp. (NYSE: MNR) and UMH Properties, Inc. (NYSE: UMH), has been named by Yale Law School as the 2014 recipient of the Simeon Baldwin award, which recognizes distinguished achievement in law and business.
Gordan DuGan, CEO of Gramercy Property Trust (NYSE: GPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Gramercy has transformed from a real estate finance company to a net lease property owner. DuGan was asked how the transition has been received by the market and if there is more work to be done to complete the transformation.
“The good news is that there’s no more work to be done in the transformation, and it’s been received extremely well,” DuGan said.
Jeff Edison, chairman and CEO of Phillips Edison-ARC Shopping Center REIT, a public, non-listed REIT (PNLR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
With more than 100 properties in its portfolio, Edison was asked to comment on the company’s strategy going forward. Edison responded that the focus is on looking at some of the “strategic alternatives” for Phillips Edison-ARC Shopping Center REIT and raising funds for a second PNLR.
Glenn Mueller, University of Denver professor and real estate investment strategist at Dividend Capital Group, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Mueller was asked whether he still considers REITs to be low-volatility investments.
“They are much less volatile than the overall marketplace,” Mueller said.
He explained that REITs have historically been low-volatility investments. That changed temporarily during the financial crisis as a result of exchange-traded funds (ETFs), according to Mueller.
Marty Cicco, senior managing director with Evercore Partners, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Cicco discussed the future of the single-family housing sector and the possibilities for more initial public offerings (IPOs) in the group down the road. Cicco said he believes the proliferation of single-family REITs is likely to be a “short-term phenomenon.” He indicated that the challenges of operating a single-family residential portfolio could deter new entrants from coming into the marketplace.
Stuart Tanz, president and CEO of Retail Opportunity Investments Corp. (NYSE: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Tanz was asked about the level of competition in the transactions market and sourcing for potential acquisitions. With capital “readily available,” Tanz said competition for available assets has intensified, but he feels ROIC’s extended history on the West Coast has given the company an advantage.
Barden Gale, vice chairman with Mack Real Estate Group (MREG), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Gale joined MREG in October. The company is primarily involved in developing multifamily residential rental projects in urban markets. Gale noted that the firm is catering to renters in the millennial generation and “empty nesters” whose children have moved out of the home.
Investors expect positive trends to continue in the commercial real estate industry for the rest of 2014 despite anticipating rising interest rates, according to consulting firm PwC.
A PwC survey of real estate investors in the second quarter of 2014 noted that respondents expressed confidence that the industry would handle anticipated increases in interest rates without serious disruption to its recovery.
At the same time, competition among buyers is likely to remain strong and keep prices for the best properties elevated, the PwC survey said.
Byron Boston, president, CEO and co-chief investment officer of Dynex Capital, Inc. (NYSE: DX), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Boston was asked to explain the investment philosophy behind the mortgage REIT.
“Our overall philosophy is one of executing a simple strategy with a keen eye on managing our overall risk exposure,” he explained.
