Kite Realty CEO Sees REITs Focusing on Redevelopment

John Kite, CEO of Kite Realty Group Trust (NYSE: KRG), 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.

Between late 2014 and early 2015, Kite Realty sold about $ 320 million of properties that it had acquired through the 2014 merger with Inland Diversified Real Estate Trust, Inc.  Kite noted that about $ 220 million of the proceeds went toward purchasing properties, while $ 100 million was earmarked to reduce leverage.

News

Market Watchers Say REITs Poised for Solid 2016

After outperforming the S&P 500 in 2015, market observers expect REITs to offer solid growth prospects in 2016.

The FTSE NAREIT All REITs Index had a total return of 2.3 percent for 2015, compared to a return of 1.4 percent for the S&P 500 Index.  In December, the FTSE NAREIT All REITs Index gained 1.2 percent, while the S&P 500 Index dropped 1.6 percent.

News

REIT Insurance Experts Discuss Changes to NAREIT Program

Melissa Lishner, director at Crystal & Company, and Jeff Zaffino, underwriting manager at Arch Insurance Company, joined REIT.com for a video interview to discuss the latest coverage changes incorporated into NAREIT’s Directors and Officers (D&O) Liability Insurance Program.

Crystal is the program administrator for the program, which is underwritten by Arch.

News

CEOs Say Demand Growing in Rexford’s Markets as Supply Stays Scarce

Howard Schwimmer and Michael Frankel, co-CEOs of Rexford Industrial Realty Inc. (NYSE: REXR), 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.

Rexford has increased the square footage of its Southern California-based portfolio by 21 percent since the beginning of 2015. Schwimmer discussed what has been driving the activity.

News

Inland Executive Says Multifamily Demand Bolstering Latest REIT

JoAnn McGuinness, executive vice president of Inland Real Estate Investment Corp., a sponsor of non-listed REITs and private partnerships, has worked with each of the seven REITs sponsored by Inland during her 23-year tenure with the company.

As the company embarks on its newest REIT, Inland Residential Properties Trust, Inc., McGuinness spoke to REIT.com about the dynamics of the multifamily market, trends in the retail segment and Inland’s unique approach to nurturing its female employees.

 

News

Fund Manager Says Global Markets Seeking New Equilibrium

Sherry Rexroad, chief investment officer at BlackRock Global Real Estate Securities, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Rexroad commented on the level of investor appetite for risk, given the deceleration of growth in China.

“The global markets are really trying to come to a new equilibrium, one that’s not as dependent on the Federal Reserve or supercharged growth out of China,” Rexroad said.

News

VEREIT CEO Focused on Governance, Business Plan

Glenn Rufrano, CEO of VEREIT, Inc. (NYSE: VER), 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.

Rufrano highlighted the priorities that he has set since he took the helm at VEREIT’s predecessor, American Realty Capital Properties, Inc. (ARCP), in March. In addition to changing the name of the company, it was important to re-establish corporate governance in order to continue to gain credibility as a company, Rufrano explained.

Glenn Rufrano, CEO of VEREIT, Inc.

News

FelCor Lodging Looking to Create Value from Sales

Richard Smith, president and CEO of FelCor Lodging Trust, Inc. (NYSE: FCH), 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.

In September, FelCor sold the final hotel in its disposition program. Since that time, the company has said it would make opportunistic asset sales. Smith explained the strategy.

“It’s really to create capacity as we move through the cycle and open up the use of proceeds for things that will be higher yielding,” he said.

News

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