BAML Banker Reviews REIT Capital Market Activity in 2014

Jeff Horowitz, global head of real estate, gaming and lodging at Bank of America Merrill Lynch, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Horowitz gave an overview of REIT capital market activity in 2014. According to Horowitz, REITs have raised about $ 55 billion this year, comprised of $ 25 billion in equity, $ 2 billion in preferred stock and the remainder in unsecured debt.

News

Retail Properties of America CEO Expects Increased Retail Strength in 2015

Steven Grimes, president and CEO of Retail Properties of America, Inc. (NYSE: RPAI), 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.

Retail Properties of America is one of the largest owners and operators of shopping centers in the country. The firm owns a diversified mix of assets that includes power centers, community centers and lifestyle centers.

News

Cedar Realty Trust Continues Portfolio Pruning

Bruce Schanzer, president and CEO of Cedar Realty Trust (NYSE: CDR), 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.

Cedar Realty has undergone a repositioning of its portfolio in the last three years under Schanzer’s leadership. Previously, the company had what Schanzer described as a hodgepodge of 140 retail real estate assets.

Bruce Schanzer

News

Essex Property Trust CEO Hails Results of Merger

Michael Schall, president and CEO of Essex Property Trust (NYSE: ESS), 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.

Earlier this year, Essex completed its purchase of another apartment REIT, BRE Properties. Schall talked about the status of the efforts to integrate the two companies.

“I would certainly say that acquiring a large company is a challenging process, but it’s going very well,” Schall noted.

Michael Schall

News

Farmland Partners CEO Expects Agricultural Land Values To Trend Higher

Paul Pittman, chairman, president and CEO of Farmland Partners Inc. (NYSE: FPI), 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.

Farmland Partners invests in primary row crop farmland throughout North America. The substantial majority of the farms in the current portfolio are devoted to primary crops such as corn, soybeans and wheat. Farmland became a publicly traded company earlier this year.

News

Columbia Property Trust CEO Sees Improvement in National Office Fundamentals

Nelson Mills, president and CEO of Columbia Property Trust (NYSE: CXP), 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.

Columbia Property Trust invests in and manages commercial class-A office properties in primary markets within the United States. Founded in 2003, the company went public in October 2013.

News

Gramercy Property Trust Finding Good Deals in Office, Industrial Sectors, CEO Says

Gordon DuGan, CEO of Gramercy Property Trust (NYSE: GPT), 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.

Gramercy has made acquisitions in both the office and industrial sectors in 2014. DuGan said both sectors are healthy thanks in part to a dearth of new construction. The company is finding “terrific” assets on the market in the range of $ 5 million to $ 30 million.

Gordon DuGan

News