NYSE’s Bohlert Says REIT IPO Pipeline Relatively Dry

Ron Bohlert, managing director of the global corporate client group of the NYSE, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Bohlert was asked to discuss some of the initial trends in the market for REIT initial public offerings (IPOs) in 2014. Bohlert described the 2013 IPO market as “incredibly active.” Overall, 230 companies listed in 2013 (half of those on the NYSE), generating approximately $ 55 billion in new capital. Seventeen REITs listed and raised a combined total of $ 4.5 billion.

News

Brandywine Realty Trust sees Recurring Benefits from Sustainability Initiatives

Brad Molotsky, executive vice president and general counsel with Brandywine Realty Trust (NYSE: BDN), joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Brandywine Realty has its headquarters in Radnor, Pa. The company owns, leases and manages urban, town center and suburban office properties.

Molotsky discussed the role sustainability can play in a firm’s efforts to maximize revenue.

News

Credit Suisse Analyst says REIT Debt Markets Healthy as Ever

Andy Richard, managing director of the Real Estate Group at Credit Suisse, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Richard was asked about the state of REIT capital markets and the prospects they face going forward.

“On the equity side, stocks are trading at very healthy levels. It’s a very seasoned asset class with a broad range of investors who are interested,” Richard said. On the debt side, he added, “I have never seen the debt markets healthier than they are now.”

News

Ramco-Gershenson Director on Pressing REIT Tax Issues

Shari Thakady, director of tax at Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Ramco-Gershenson’s primary business is the ownership and management of multi-anchor shopping centers in strategic metropolitan markets throughout the Eastern, Midwestern and Central United States.

Thakady was asked to comment on the range of tax issues facing REIT tax directors and the ones causing the most concern.

News

NYSE Executive Says REIT IPO Pipeline Relatively Dry

Ron Bohlert, managing director of the global corporate client group of the NYSE, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Bohlert was asked to discuss some of the initial trends in the market for REIT initial public offerings (IPOs) in 2014. Bohlert described the 2013 IPO market as “incredibly active.” Overall, 230 companies listed on the NYSE last year, generating approximately $ 55 billion in new capital. Seventeen REITs listed and raised a combined total of $ 4.5 billion.

News

Agree Realty Appealing to Web-Resistant Retail Tenants

Twenty years after its initial public offering (IPO), Agree Realty Corp. (NYSE: ADC) is concentrating on deploying capital into the net lease industry across a range of Web-resistant retail sectors.

The REIT has assets in 34 states, and it is actively acquiring and developing more across the country. Agree Realty’s current roster of net lease tenants includes CVS, Rite Aid, Walgreens, Wawa, Kmart, Kohl’s, McDonald’s and Applebee’s.

News

Deloitte Analyst Sees Strong Interest in Non-traditional REITs

Bob O’Brien, partner and U.S. and global real estate services leader at Deloitte & Touche, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

O’Brien was asked to comment on the changing nature of real estate as witnessed within the REIT industry. O’Brien noted that a whole series of alternative or non-traditional REITs have come to the market over the past few years in segments including timber, cell towers and data centers.

News