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David de la Rosa, vice president with Green Street Advisors, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
De la Rosa offered some insights into the growing fibra market in Mexico. Fibras, the country’s version of REITs, were introduced in Mexico in 2004. The first fibra listed in Mexico in 2011. The country is now home to nine listed fibras with a total market capitalization of $ 18 billion.
Sam Landy, president and CEO of UMH Properties (NYSE: UMH), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Landy said sales of manufactured housing are slow because buyers are struggling to find financing. However, UMH is doing “very well” with its rental business, Landy said.
Occupancy rates in most of UMH’s housing communities should reach “high 90 percent,” according to Landy.
Gordon DuGan, CEO of Gramercy Property Trust Inc. (NYSE: GPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Gramercy had an active first half of 2015 on the acquisitions front, picking up more than $ 600 million in new assets. The bulk of those acquisitions came through one deal for a 12-property portfolio.
David Henry, vice chairman and CEO of Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Henry is stepping down at the end of the year and turning over the CEO position to Conor Flynn. Henry said ensuring that the transition is “easy for the market” has been one of Kimco’s chief goals.
Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
According to Schall, the momentum that the apartment industry enjoyed in 2014 carried over into the first half of 2015. In the first quarter, Essex had same property net income growth of 10 percent from the year-earlier period, which Schall credited to the job market on the West Coast.
Joseph Coradino, CEO of Pennsylvania Real Estate Investment Trust (NYSE: PEI), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
PREIT owns shopping centers in 12 states in the eastern half of the United States. Its assets are concentrated in the Mid-Atlantic region and Philadelphia.
Paul Pittman, executive chairman, president and CEO of Farmland Partners Inc. (NYSE: FPI), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Farmland Properties, which invests in primary row crop farmland throughout North America, became a stock exchange-listed REIT in 2014. At the time of its initial public offering, its portfolio contained 7,300 acres. That has grown to more than 70,000 acres today.
Stuart Tanz, president and CEO of Retail Opportunity Investment Corp. (NASDAQ: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
ROIC focuses on the ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.
Rip Gellein, chairman and CEO of Strategic Hotels & Resorts, Inc. (NYSE: BEE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
In May, the company closed on the acquisition of the Four Seasons Austin hotel for $ 197 million. The hotel is located in the midst of the city’s central business district. Gellein commented on the qualities that attract Strategic Hotels to the Austin market.
