Banker Says Foreign Real Estate Capital Could Look Beyond Gateways
Jeff Horowitz, global head of real estate, gaming and lodging at Bank of America Merrill Lynch, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Horowitz discussed the trends he is seeing regarding foreign capital flows into the United States.
Investors Real Estate Trust CEO Says Oil Prices Not Impacting REIT
Tim Mihalik, president and CEO of Investors Real Estate Trust (NYSE: IRET), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Investors Real Estate Trust operates a diversified portfolio of properties in the multifamily, office, health care, retail and industrial sectors. Its properties are located throughout 12 states in the Midwest.
Steadfast Apartment REIT Upbeat on Growth
Ella Neyland, president of Steadfast Income REIT and Steadfast Apartment REIT, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Steadfast Income and Steadfast Apartment are public non-listed REITs. Neyland discussed the growth potential in Steadfast’s area of focus: moderate-income apartments located in secondary markets.
Monmouth CEO Says Pace of Acquisitions by REIT Will Continue
Michael Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Monmouth currently has an acquisition pipeline of 2.3 million square feet in place, representing $ 250 million in class-A industrial space. By the end of the 2015 fiscal year on Sept. 30, Monmouth will have increased its gross leasable area by 30 percent. Landy said the company is also anticipating double-digit growth in 2016.
Paramount Sees Opportunity for Rent Growth in New York
Albert Behler, CEO of Paramount Group, Inc. (NYSE: PGRE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Paramount owns office properties in New York, San Francisco and Washington, D.C. In November 2014, the company raised $ 2.3 billion in the largest IPO by a U.S. REIT to date.
Farmland REIT Gladstone Land Weathering California Drought
David Gladstone, chairman, president and CEO of Gladstone Land Corp. (NASDAQ: LAND), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
BlackRock CIO Highlights Global Real Estate Diversification Benefits
Sherry Rexroad, chief investment officer at BlackRock Global Real Estate Securities Group, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Rexroad emphasized that one of the primary benefits of investing in global real estate securities is the diversification gained from exposure to different economies with varied monetary policies. She cautioned against investing in a single country because of the outsized influence that monetary policy is exerting at this time.
Starwood Waypoint Single-Family REIT Seeing Higher Leasing Activity
Doug Brien, CEO of Starwood Waypoint Residential Trust (NYSE: SWAY), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Based in Oakland, Calif., Starwood Waypoint Residential Trust acquires, renovates, leases, maintains and manages single-family homes. Brien said rental demand is at its highest level in more than six years due in part to construction remaining in check.
Apartment REIT MAA Pruning Portfolio
Eric Bolton, chairman and CEO of MAA (NYSE: MAA), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
MAA focuses on the acquisition, development and management of apartment properties throughout the Southeast and Southwest regions of the United States. Bolton said the company is continuing to see positive rent growth across its portfolio.
