Analyst Explains “Healthy Skepticism” Toward REIT Development

Jed Reagan, senior analyst at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Reagan gave an overview of how Green Street sees development in the REIT industry.

“Green Street has a healthy skepticism about the development business. It’s a business that when it works, it can work in a big way, but there are definitely risks that come along with development that can be underappreciated sometimes,” Reagan said.

News

First Industrial CEO Encouraged by Fundamentals

Bruce Duncan, president and CEO of First Industrial Realty Trust, Inc. (NYSE: FR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

First Industrial owns industrial real estate in major markets across the United States.

Duncan said he is “very encouraged” by industry fundamentals heading into 2016. During the third quarter, First Industrial’s occupancy rate increased to 95.5 percent from 95.1 percent, he said.

News

Professor Finds Strong Effects of Leverage on REIT Values

Tim Riddiough, a professor in the Department of Real Estate and Urban Land Economics at the Wisconsin School of Business at the University of Wisconsin Madison, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Riddiough discussed his recent research on the relationship between REITs and their capital structures. He explained that the motivation for the study came from the insufficient appreciation given to the value of REITs’ financial management.

News

DCT Industrial CEO Says Demand for Space Still Strong

Phil Hawkins, CEO of DCT Industrial Trust, Inc. (NYSE: DCT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

DCT focuses on bulk distribution and light industrial properties located in high-volume distribution markets in the United States.

Hawkins discussed the trends he sees in industrial real estate regarding supply and demand.

“I feel excellent. I’m very bullish on our business,” he said.

News

QTS Realty Trust CEO Says Carpathia Integration Proceeding Smoothly

Chad Williams, president and CEO of QTS Realty Trust, Inc. (NYSE:QTS) joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Earlier this year, QTS acquired Carpathia Hosting, a Virginia-based colocation, cloud and managed services provider for $ 326 million.

Williams said the integration of Carpathia is proceeding well.

QTS’s lead executive on the integration is Peter Weber, chief product officer, Williams explained.

News