Apartment Market Yet to Hit Peak

In the latest episode of the NAREIT Podcast, David Kessler, partner with CohnReznick, discussed major themes in the apartment and office markets.

Regarding the multifamily sector, Kessler noted that speculation is growing that the sector is approaching its peak. He rebutted that suggestion, however.

“I think [the multifamily sector] has a long way to go still because we’re so far away from the norms as far as supply and demand,” Kessler said.

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Transparency Vital to Sustainability Engagement, Iron Mountain Executive Says

Kevin Hagen,  director of corporate responsibility at Iron Mountain (NYSE: IRM), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Iron Mountain is an S&P 500 company that provides storage and information management services in 36 countries.

Hagen described transparency as “the currency of the realm” when it comes to sustainability: “There really is no substitute for it.”

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Kimco Getting Results from Lighting Retrofits, Executive Says

Will Teichman, senior director of strategic operations at Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Teichman gave an update on Kimco’s efforts to retrofit all of its upper-end shopping centers with LED lighting. The project started at the beginning of 2015, and to date, Kimco has retrofitted more than 100 properties, representing about a quarter of its total net asset value.

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REITs Continue Leadership on Sustainability, Advocate Says

Cliff Majersik, executive director at the Institute for Market Transformation (IMT), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

IMT is a nonprofit organization promoting energy efficiency, green building and environmental protection in the United States and abroad.

Majersik noted that during the past year, REITs have continued their sustainability leadership.

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Management Involvement Key to Sustainability, Equity One Executive Says

Joe Lopez, senior vice president of property management and director of environmental impact at Equity One, Inc. (NYSE:  EQY), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Equity One owns and operates retail assets, with a portfolio concentrated in New York, San Francisco, Los Angeles and South Florida.

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Sustainability Expectations Need To Be Managed, Kilroy Executive Says

Sara Neff,  vice president of sustainability at Kilroy Realty Corp. (NYSE: KRC), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Kilroy owns and operates office properties in the coastal regions of greater Seattle, the San Francisco Bay area, Los Angeles, San Diego and California’s Orange County. Kilroy was a co-winner in the office sector of the 2015 NAREIT Leader in the Light Awards.

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Sustainability’s Next Frontier is Improving Connectivity, Host Executive Says

Michael Chang, director of energy and sustainability at Host Hotels & Resorts, Inc. (NYSE: HST), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

An S&P 500 and Fortune 500 company, Host and is one of the largest owners of luxury hotels.  Host currently owns 94 properties in the United States and 13 properties internationally.

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GRESB COO Says Global Real Estate Sustainability Efforts on Upward Track

Chris Pyke, COO of the Global Real Estate Sustainability Benchmark (GRESB), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.

Commenting on the 2015 GRESB Survey, Pyke said he was “impressed and surprised” that the entire real estate industry’s sustainability achievements are on an upward track.

“The entire industry, on a global basis, is in motion. They are doing more, achieving higher levels and that is broad-based and sustained,” he said.

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