Getty Realty Says Investment Grade Rating Reflects REIT’s Repositioning and Growth

Getty Realty Says Investment Grade Rating Reflects REIT’s Repositioning and Growth

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Chris Constant, president and CEO of Getty Realty Corp. (NYSE: GTY), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Getty Realty received an investment grade rating from Fitch Ratings in May. Constant said the rating reflects the company’s repositioning and growth, and will open up new sources of capital.

Published at Fri, 29 Jun 2018 15:55:58 +0000

Monmouth Benefitting from Panama Canal Expansion

Monmouth Benefitting from Panama Canal Expansion

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Michael Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Landy discussed the expansion of the Panama Canal, calling it a “game changer” for the global supply chain. He noted that in anticipation of the expansion, some of the largest companies have shifted operations from the West Coast to the East Coast.

Published at Thu, 28 Jun 2018 19:03:25 +0000

iStar Shrinking Legacy Portfolio and Refocusing on New Opportunities

iStar Shrinking Legacy Portfolio and Refocusing on New Opportunities

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Jay Sugarman, chairman and CEO of iStar (NYSE: STAR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

iStar finances, invests in, and develops real estate and real estate-related projects as part of an integrated investment platform.

Published at Thu, 28 Jun 2018 18:06:05 +0000

MGM Growth Properties CEO Says REIT a Leader in Diversification of Las Vegas Entertainment Options

MGM Growth Properties CEO Says REIT a Leader in Diversification of Las Vegas Entertainment Options

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James Stewart, CEO of MGM Growth Properties LLC (NYSE: MGP), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Stewart described the REIT as a leader in the diversification of entertainment activities in Las Vegas. On the Las Vegas Strip, approximately one third of revenue is generated by casino gaming—the rest comes from restaurants, bars and live entertainment, he said.

Published at Wed, 27 Jun 2018 16:20:01 +0000

Sotherly Hotels CEO Says Entry into Washington, D.C. Market is “Big Win”

Sotherly Hotels CEO Says Entry into Washington, D.C. Market is “Big Win”

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Andrew Sims, chairman and CEO of Sotherly Hotels Inc. (NASDAQ: SOHO), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

In March, Sotherly acquired the Hyatt Centric Arlington located in Arlington, Virginia. Sims said Sotherly has been trying to enter the Washington, D.C. market for several years now as it serves as a feeder for the company’s other hotels.

Published at Tue, 26 Jun 2018 17:30:15 +0000

CorEnergy Sees “Tremendous Opportunity” for Acquisitions Among Upstream Operators

CorEnergy Sees “Tremendous Opportunity” for Acquisitions Among Upstream Operators

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Dave Schulte, president and CEO of CorEnergy (NYSE: CORR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

As the first publicly-listed energy infrastructure REIT, CorEnergy’s business model can sometimes be a challenge to explain to investors.

Published at Tue, 26 Jun 2018 12:42:18 +0000

UMH Properties Expects to Build on 350 Lots Per Year for the Next Three Years

UMH Properties Expects to Build on 350 Lots Per Year for the Next Three Years

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Sam Landy, president and CEO of UMH Properties (NYSE: UMH), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Landy said one of the reasons UMH Properties has had such strong results is because the company is able to provide housing to the increasing number of people moving to their markets for job opportunities.

“We’re predominantly workforce housing, and [in] Indiana, Ohio [and] Western Pennsylvania, the job market’s growing,” Landy said.

Published at Mon, 25 Jun 2018 18:44:21 +0000