Category: REIT

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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.

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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.

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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.

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Sabra Health Anticipating Record Investment in 2014

Rick Matros, chairman and CEO of Sabra Health Care REIT (NASDAQ: SBRA), joined REIT.com for a video interview at the St. Regis Hotel in Washington, D.C. during NAREIT’s 2014 Washington Leadership Forum.

Sabra has recently expanded into Nebraska and Texas, and Matros was asked if further investment could be expected.

Matros explained that Sabra has indicated that it expects to invest in the range of $ 350 million to $ 450 million this year, making it “our best year up to this point.”

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S&P Analyst Says REITs Using Debt for Growth

Lisa Sarajian, managing director at Standard & Poor’s Ratings Agency, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Sarajian was asked about the state of the market for the bonds and preferred stocks of REITs.

Lisa Sarajian

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National Health Investors Prefers Small Platform

Justin Hutchens, president and CEO of National Health Investors (NHI), joined REIT.com for a CEO Spotlight video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Hutchens discussed the benefits of National Health Investors’ expressed goal of staying small in size.

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New York REIT Lists on NYSE

New York REIT, Inc., (NYSE: NYRT), which was created in September 2010 as a public, non-listed REIT, began trading on the New York Stock Exchange (NYSE) April 15.

Shares of the company’s stock opened at a price of $ 10.70 and were trading around $ 10.37 by late afternoon.

The company, which was previously known as American Realty Capital New York Recovery REIT, Inc., focuses on acquiring and operating a portfolio of institutional-quality office and retail properties in New York.

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