Category: REIT

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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

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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.

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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.

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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

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EdR CEO Sees Student Housing REITs Increasing Market Share

Randy Churchey, president and CEO of EdR (NYSE: EDR), 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.

EdR is one of the largest developers, owners and managers of collegiate housing communities in the United States. Recently, the company completed the purchase of The District on Apache, a collegiate housing community at Arizona State University (ASU), for approximately $ 90 million.

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REITs’ Modest Gains in November in Line With Broader Market

REITs posted modest gains during November that were in line with the broader market, although year-to-date the sector continues to outperform by a solid margin.

The total return of the FTSE NAREIT All REITs Index was 2.3 percent in November. The S&P 500 Index rose 2.7 percent in November.

As of the end of November, the FTSE NAREIT All REITs Index had gained 25.8 percent in 2014, while the S&P 500 Index was up 14 percent.

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