Category: REIT

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Portfolio Manager Sees Sustained Period of Low Interest Rates and Supply

Scott Crowe, global portfolio manager at Resource Real Estate, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Crowe was asked about the impact of the slow economic recovery on asset allocation and where investors are most focused right now. Crowe explained that a slow pace of recovery is actually good for real estate because it means that interest rates are going to stay low “and there are not enough animal spirits to really start development.”

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Neithercut Says Equity Residential Cutting Back on Transactions

David Neithercut, president and CEO of Equity Residential (NYSE: EQR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Neithercut was asked about the traits shared by the top-performing markets for his company: Denver, San Francisco and Seattle. He cited job growth as a key factor.

“Our business is all about supply and demand,” he said. “These are three markets that have produced some very strong job growth over the past three or four years.”

David Neithercut

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CEO Says STAG Industrial Benefitting from Diverse Portfolio

Ben Butcher, chairman, president and CEO of STAG Industrial, Inc. (NYSE: STAG), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Butcher discussed his company’s acquisition activity, which picked up in April after a slow start to the year.

“We pride ourselves on our agnosticity with regard to assets. We’re really looking for assets that produce great cash flows and we are willing to go to anywhere in the secondary and primary markets in the U.S. where we find those,” Butcher explained.

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