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Thomas McGuinness, president and CEO of InvenTrust Properties Corp., joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
InvenTrust is a public non-listed REIT that focuses on open air retail and student housing real estate. The company became self-managed last year, spun off its lodging platform in February and adopted a new name in April. InvenTrust was formerly known as Inland American Real Estate Trust, Inc.
Jerry Barag, president and CEO of CatchMark Timber Trust, Inc. (NYSE: CTT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Barag began the interview with an overview of the company’s acquisition activity. He noted that the first half of 2015 has been quite different from 2014. Whereas 2014 saw a steady stream of medium-sized deals, the first half of 2015 has seen either very large deals or very small ones.
Jeffrey Fisher, chairman, president and CEO of Chatham Lodging Trust (NYSE: CLDT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Chatham invests primarily in extended-stay select service and full service hotels in the 25 largest metropolitan markets in the United States.
Fisher discussed Chatham’s pricing power with regard to room rates.
In the latest episode of the NAREIT Podcast, Creede Murphy, vice president and investment analyst with American Assets Capital Advisers, discussed his firm’s research on REITs’ role in optimized investment portfolios.
Murphy said performance data show REITs have “typically” outperformed major asset classes over “just about any [long-term] time period.” REITs do have “slightly higher” volatility than stocks, according to Murphy.
Michael Glimcher, vice chairman and CEO of WP Glimcher (NYSE: GRT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Glimcher helped oversee the merger between Glimcher Realty Trust and Washington Prime in 2014 that led to the formation of WP Glimcher in January. Glimcher said the newly formed company is building across all retail sectors.
David de la Rosa, vice president with Green Street Advisors, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
De la Rosa offered some insights into the growing fibra market in Mexico. Fibras, the country’s version of REITs, were introduced in Mexico in 2004. The first fibra listed in Mexico in 2011. The country is now home to nine listed fibras with a total market capitalization of $ 18 billion.
Sam Landy, president and CEO of UMH Properties (NYSE: UMH), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Landy said sales of manufactured housing are slow because buyers are struggling to find financing. However, UMH is doing “very well” with its rental business, Landy said.
Occupancy rates in most of UMH’s housing communities should reach “high 90 percent,” according to Landy.
Gordon DuGan, CEO of Gramercy Property Trust Inc. (NYSE: GPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Gramercy had an active first half of 2015 on the acquisitions front, picking up more than $ 600 million in new assets. The bulk of those acquisitions came through one deal for a 12-property portfolio.
David Henry, vice chairman and CEO of Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Henry is stepping down at the end of the year and turning over the CEO position to Conor Flynn. Henry said ensuring that the transition is “easy for the market” has been one of Kimco’s chief goals.
Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
According to Schall, the momentum that the apartment industry enjoyed in 2014 carried over into the first half of 2015. In the first quarter, Essex had same property net income growth of 10 percent from the year-earlier period, which Schall credited to the job market on the West Coast.
