Rick Romano, managing director and portfolio manager at Prudential Real Estate Investors, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Eaton Vance Fund Manager Paying Increased Attention to Accounting Checks and Balances
J. Scott Craig, vice president and portfolio manager at Eaton Vance Management, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Craig discussed ways in which his background as a certified public accountant influences his approach to investing.
“It’s very easy to take accounting for granted and to assume everything is fine,” Craig said. He added that he has now started to have conversations with companies regarding their systems of checks and balances in accounting.
Fitch Analyst Says Stock Buybacks at Low Level Among REITs
Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Marks has been monitoring REITs’ stock buybacks in the second half of the year, and he noted that activity has been limited. He attributed the lack of buybacks to the performance of REIT stocks in 2014, as most are trading at prices about their net asset values (NAV).
“Thus, [the stocks] are less economic from a buyback standpoint; they’re not as accretive,” Marks said.
INVESCO Fund Manager highlights broader acceptance of REIT investment
Paul Curbo, portfolio manager at INVESCO Realty Advisors, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Curbo highlighted the biggest changes he has seen in the real estate sector during the last two decades.
“Real estate has become an accepted investment class. Twenty years ago, we often had to explain the merits of investing in REITs,” he said.
The benefits of REIT income, diversification and total returns have now become apparent, Curbo noted.
Goodwin Procter Lawyer Sees Heavy Cross-Border Investment in U.S. Real Estate
Ettore Santucci, partner and co-chair of the REIT group with Goodwin Procter, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Regarding overseas investment in U.S. real estate, Santucci described the amount of cross-border capital flowing into U.S. real estate as “enormous.” These non-U.S. investors are primarily “big game hunting,” according to Santucci: looking for trophy assets and portfolios.
REIT Trader Says 2015 Could Bring IPO Wave
David Auerbach, institutional trader with Esposito Securities, looked back at the REIT market in 2014 and ahead to 2015 on the latest edition of the NAREIT Podcast.
With the year coming to a close, Auerbach discussed some of the biggest developments in the REIT market in 2014. He described it as an “exciting year for REIT investors.” He said the moves made by The Blackstone Group, including taking multiple real estate portfolios public, took center stage throughout the year.
BMO’s Decker Sees Room for Growth of U.S. REIT Market
Mark Decker Sr., vice chairman with BMO 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.
Decker rebuffed the suggestion that the U.S. REIT market is approaching the upper limit of its growth. The universe of REITs in the United States will continue to expand as more sectors are added, according to Decker. He pointed to sectors such as data centers and farmland as examples of how the REIT approach to real estate investment will continue to grow.
Government Properties Executive Says Tenants Using Space More Efficiently
David Blackman, president and chief operating officer of Government Properties Income Trust (NYSE: GOV), joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Kite Realty CEO Describes Merger as “Transformational”
John Kite, chairman and CEO of Kite Realty Group Trust (NYSE: KRG,) 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.
Preferred Apartment Communities Uses Loans to Stand Out
John Williams, co-founder and CEO of Preferred Apartment Communities (NYSE: APTS), 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.
Williams described the current market for multifamily REITs as a “Goldilocks world” in light of the widespread demand for apartment housing. He singled out the southeast and southwest corners of the country as the two best geographic locales for apartment companies.
