David Blackman, president and chief operating officer of Government Properties Income Trust (NYSE: GOV), joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Kite Realty CEO Describes Merger as “Transformational”
John Kite, chairman and CEO of Kite Realty Group Trust (NYSE: KRG,) joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Preferred Apartment Communities Uses Loans to Stand Out
John Williams, co-founder and CEO of Preferred Apartment Communities (NYSE: APTS), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Williams described the current market for multifamily REITs as a “Goldilocks world” in light of the widespread demand for apartment housing. He singled out the southeast and southwest corners of the country as the two best geographic locales for apartment companies.
BMO Analyst Says Diminishing Interest Rate Concerns Boosted REITs in 2014
Paul Adornato, managing director with BMO Capital Markets, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
According to Adornato, the big story for REITs during 2014 was their “tremendous performance” compared with the overall market. Although concerns about interest rate increases did impact REITs earlier in the year, REITs “sailed away” once investors determined that those increases were not imminent, he said.
Morgan Stanley Banker Says Property Values “Healthy”
Seth Weintrob, managing director at Morgan Stanley, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Weintrob commented on the current level of property valuations and the implications for deal-making.
“Property values are definitely healthy. The values of all assets these days are healthy, and in some sense, when you look at U.S. real estate, there’s a little bit of a Goldilocks environment from an investor standpoint,” Weintrob said.
Chilton Capital Fund Manager Says REITs Should be Trading at Higher Premiums to NAV
Matt Werner, portfolio manager and analyst at Chilton Capital Management, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Given the outperformance of the REIT market compared with broader market indices in 2014, Werner commented on REIT valuation levels.
“Any time the market goes up by almost 30 percent, you’re going to have questions about valuation,” Werner said.
Green Street Consultant Says New REITs Unlocking Value of Real Estate Assets
Matt Wokasch, vice president for advisory and consulting with Green Street Advisors, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Wokasch offered his opinion on the most influential trends affecting the REIT market in 2014. He noted that management teams of C corporations have been trying to monetize the value of their real estate holdings.
Bluerock Residential Growth REIT Looking to Southeast, Texas Markets for Growth
Ramin Kamfar, chairman and CEO of Bluerock Residential Growth REIT, Inc. (NYSE: BRG), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Raymond James Banker Sees Fundamentals in Place for REIT Capital Formation
Vivek Seth, managing director and head of real estate investment banking at Raymond James, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
During REITWorld 2014, Seth moderated a panel focusing on trends in the capital markets. According to Seth, some of the main themes that emerged from the panel included the robustness of the markets and capital flows today, as well as the earnings power that REITs currently enjoy.
Spirit Realty Capital CEO Reviews Active Year for Acquisitions
Thomas Nolan, chairman and CEO of Spirit Realty Capital (NYSE: SRC), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Scottsdale, Ariz.-based Spirit Realty Capital was formed in 2003 to purchase single-tenant, net lease properties. The company’s portfolio consists of approximately 2,100 properties across 48 states.