Brixmor Working to Perfect REIT’s Tenant Mix

Michael Carroll, CEO of Brixmor Property Group (NYSE: BRX), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Carroll discussed Brixmor’s efforts to “perfect [its] merchandising mix” of tenants.

“We’ve been focused on trying to bring in best-in-class anchors to drive more sales and traffic,” Carroll said. “That leads to better follow-on shop leasing, to more appealing tenants and stronger rates.”

Michael Carroll

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REIT CEOs Encouraged by Market Fundamentals

Speaking at a lunch panel on the first day of REITWeek 2015: NAREIT’s Investor Forum, executives from a diverse group of REITs expressed optimism regarding fundamentals in their particular market segments.

During the June 9 session moderated by David Neithercut, president and CEO of Equity Residential (NYSE: EQR) and NAREIT’s 2015 chair, the executives also pointed to favorable conditions in the capital markets.

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NAREIT Announces 2015 Investor CARE Award Winners

Investor CARE Awards

The winners of NAREIT’s 2015 Investor CARE Awards, which honor excellence in communications and reporting to shareholders, were announced on June 9 in New York at REITWeek 2015: NAREIT’s Investor Forum.

In the large cap Equity REIT category, the Gold Award went to Alexandria Real Estate Equities, Inc. (NYSE:ARE). Boston Properties, Inc. (NYSE: BXP) received the Silver Award, while the Bronze Award went to Camden Property Trust (NYSE:CPT). 

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Newly Listed REIT Global Net Lease Sees Untapped Opportunities in Europe

Global Net Lease, Inc. (NYSE: GNL), which began trading on the New York Stock Exchange June 2, plans to increase its exposure to European net lease assets by taking advantage of the current supply-and-demand imbalance in the region.

Formerly known as AR Capital Global Trust, Inc., Global Net Lease is a REIT focused on sale-leaseback properties in the United States and Europe. Its portfolio of more than 300 assets is located across five countries and includes 79 tenants and 35 industries.

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Commercial Property REIT Easterly Builds on Government’s Preference for Leasing

Easterly Government Properties, Inc. (NYSE: DEA) is confident that the federal government’s preference for leasing properties will support its business strategy for decades to come.

The government’s shift toward leasing has been evident since the 1960’s and is unlikely to change any time soon, according to Easterly President and CEO William Trimble. In an interview with REIT.com, Trimble noted that during the Nixon administration, the federal government owned about 70 percent of its properties and leased 30 percent.

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REITs Hold Firm in May

REITs held steady in May, as concerns over interest rate increases and uneven economic data continued to put pressure on the market.

The total returns of the FTSE/NAREIT All REIT Index slipped 0.1 percent in May, while the S&P 500 Index gained 1.3 percent. The yield on the 10-year Treasury note rose  0.1 percent for the month.

Through the end of May, total returns from the FTSE/NAREIT All REIT Index were 1.0 percent lower. The S&P 500 was up 3.2 percent during the same period.

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