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Barden Gale, vice chairman with Mack Real Estate Group (MREG), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Gale joined MREG in October. The company is primarily involved in developing multifamily residential rental projects in urban markets. Gale noted that the firm is catering to renters in the millennial generation and “empty nesters” whose children have moved out of the home.
Investors expect positive trends to continue in the commercial real estate industry for the rest of 2014 despite anticipating rising interest rates, according to consulting firm PwC.
A PwC survey of real estate investors in the second quarter of 2014 noted that respondents expressed confidence that the industry would handle anticipated increases in interest rates without serious disruption to its recovery.
At the same time, competition among buyers is likely to remain strong and keep prices for the best properties elevated, the PwC survey said.
Byron Boston, president, CEO and co-chief investment officer of Dynex Capital, Inc. (NYSE: DX), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Boston was asked to explain the investment philosophy behind the mortgage REIT.
“Our overall philosophy is one of executing a simple strategy with a keen eye on managing our overall risk exposure,” he explained.
Ben Moreland, president and CEO of Crown Castle International Corp. (NYSE: CCI), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Crown Castle went public in 1998, but didn’t begin operating as a stock exchange-listed REIT until the beginning of 2014. Moreland was asked to comment on the decision to elect REIT status.
“We thought the REIT corporate organization was the right long-term structure for us,” Moreland said, noting that Crown Castle has thought of itself as a real estate company since inception.
David LaRue, president and CEO of Forest City Enterprises, Inc. (NYSE: FCE.A), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Forest City owns, operates and develops properties in the office, multifamily, and retail sectors. LaRue analyzed some of the major trends in each of the company’s sectors.
“We’re very positive on the office piece of our portfolio,” LaRue said.
Phillip Owens, vice president with Green Street Advisors’ Advisory and Consulting Team, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Owens discussed the trend of non-traditional real estate companies seeking to unlock the value of their real estate.
Debra Cafaro, chairman and CEO of health care REIT Ventas, Inc. (NYSE: VTR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Richard Smith, president and CEO of FelCor Lodging Trust (NYSE: FCH), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
This year marks the 20th anniversary of hotel REIT FelCor being listed on the New York Stock Exchange. Smith discussed the importance of this milestone.
DDR Corp. (NYSE: DDR) and an affiliate of Blackstone Real Estate Partners VII said June 12 they have formed a third joint venture that will acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc. (NASDAQ: ARCP) for approximately $ 2 billion.
Eighteen REITs celebrating their 20th anniversaries of listing on the New York Stock Exchange (NYSE) were recognized June 2 in a closing bell ceremony.
