REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Scott MacComb, president of Allocation Advisors, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Allocation Advisors prepares purchase price allocations for real estate acquisitions. MacComb gave an overview of the current regulatory environment facing REITs.
“We are still in a situation where the pendulum is swinging in the direction of increased regulation,” he said.
Kerry Vandel, finance professor at the University of California-Irvine, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Vandel cited three demographic groups that will heavily influence the real estate industry in the near future: baby boomers, millennials and immigrants.
The United States has “a much larger immigrant pool than we’ve had in the past,” Vandel said.
Vandel noted that those three demographic groups can be broken down further by wealth.
Kurt Manske, vice president of compliance and corporate IT at QTS Realty Trust, Inc. (NYSE: QTS), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
QTS Realty owns, operates and manages facilities nationwide, encompassing approximately 4.7 million square feet of data center infrastructure and supporting more than 850 customers. Manske said the biggest change in cybersecurity during the past year has been “the rise of the cyber state from an attacker perspective.”
Mark Van Deusen, partner with the law firm Hunton & Williams LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Van Deusen discussed some of the factors driving the market REIT initial public offerings (IPOs). First, he pointed out that portfolios in REIT IPOs traditionally face a discount. That creates an impediment, Van Deusen said, especially in environments in which capital is flowing into the real estate market from private sources.
Melissa Lishner, a director at Crystal & Co., and Michael Chu, vice president and national practice leader for REITs at Arch Insurance Group, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Crystal is the program administrator for NAREIT’s group Directors and Officers (D&O) Liability insurance program, which is underwritten by Arch.
Lishner outlined the process and rationale for recent changes to the NAREIT D&O insurance program.
A. Alfred Taubman, the founder of Taubman Centers, Inc. (NYSE: TCO) who is widely credited with inventing the concept of the indoor shopping mall, died of a heart attack in his home in Bloomfield Hills, Mich., on April 18. He was 91.
Prologis, Inc. (NYSE: PLD) said April 19 it has agreed to buy industrial property owner KTR Capital Partners through a joint venture for a total of $ 5.9 billion.
The properties will be acquired by Prologis U.S. Logistics Venture (USLV), a consolidated joint venture with Norges Bank Investment Management (NBIM), the manager of the Norwegian Government Pension Fund Global. Prologis holds a 55 percent stake in the joint venture.
Lukas Hartwich, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Hartwich outlined the various factors Green Street considers when determining the valuation of a company.
“Growth is definitely a consideration,” he said. “But, first and foremost, what we look at is the value of the underlying real estate.”
Chris Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), joined REIT.com for a CEO Spotlight video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
STORE is an acronym for single-tenant operational real estate, which is the company’s target market. The Scottsdale, Ariz.-based company held an initial public offering (IPO) in November 2014.
Shirley Goza, general counsel at QTS Realty Trust, Inc. (NYSE: QTS), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Goza discussed the role of REIT general counsel as in-house gatekeeper and how the position has evolved.
“There’s always been the expectation that both in-house and outside counsel be business savvy. The lawyer needs to understand the business and look for the solution,” she said.
