SoTHERLY Hotels Picks Up Pace of Acquisitions

Drew Sims, chairman and CEO of SoTHERLY Hotels Inc. (NASDAQ: SOHO), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Following a quiet period for acquisitions in the period from 2008 until late 2013, the company recently closed on two transactions. Sims was asked how those deals came about and whether they are a sign of more activity to come.

News

Green Street Analyst Sees Solid Fundamentals in Industrial REIT Sector

Eric Frankel, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Frankel discussed developments in the industrial REIT sector during the first half of the year. Industrial fundamentals have been good for the past few years, said Frankel, noting that the recovery in the industrial sector started relatively slowly when the economy first began to improve about four years ago.

“It’s been pretty smooth sailing,” he observed.

News

Former NAREIT President Arthur Viner Dies at Age 92

Former NAREIT Board of Governors President Arthur Viner, who founded REIT sponsor Investors Central  Management Corp. , died June 19 at the age of 92.

Viner’s tenure at Investors Central Management Corp., which sponsored three REITs that were listed on the New York Stock Exchange, ran from 1958 to 1991. He held the positions of president and CEO of the company during that period.

News

Attractive Real Estate Opportunities Remain in U.S. for Global Investors, Investment Manager Says

Sophia Banar, managing director with Forum Securities Limited, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Banar covers U.S. real estate companies for Forum Securities. Additionally, she advises the firm’s global portfolio management team. Banar joined Forum Securities in April after serving as a portfolio manager with The Tuckerman Group, an affiliate of State Street Global Advisors that focused on real estate investment.

Sophia Banar

News

American Residential Execs Single-Family Home Acquisitions to Continue

The executive team of single-family housing REIT American Residential Properties (NYSE: ARPI), president and COO Laurie Hawkes and chairman and CEO Stephen Schmitz, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

American Residential acquired 700 homes in the first quarter of the year. Schmitz talked about the pace of transactions in the quarter and the likelihood it would hold up going forward.

“We think that’s a well-measured pace,” Schmitz said.

Laurie Hawkes and Stephen Schmitz

News

Executives Give no Hint of American Residential Slowing Acquisitions

The executive team of single-family housing REIT American Residential Properties (NYSE: ARPI), president and COO Laurie Hawkes and chairman and CEO Stephen Schmitz, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

American Residential acquired 700 homes in the first quarter of the year. Schmitz talked about the pace of transactions in the quarter and the likelihood it would hold up going forward.

“We think that’s a well-measured pace,” Schmitz said.

Laurie Hawkes and Stephen Schmitz

News

REIT Pioneer Eugene Landy Honored by Yale Law School

Eugene Landy, founder and chairman of Monmouth Real Estate Investment Corp. (NYSE: MNR) and UMH Properties, Inc. (NYSE: UMH), has been named by Yale Law School as the 2014 recipient of the Simeon Baldwin award, which recognizes distinguished achievement in law and business.

News