Andrew Silberfein, president and CEO of Rouse Properties (NYSE: RSE), 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.
Single-Family REITs Merge in $1.5 Billion Deal
American Homes 4 Rent (NYSE: AMH) and American Residential Properties, Inc. (NYSE: ARPI) said on Dec. 3 that the single-family rental REITs had come to an agreement on a merger valued at roughly $ 1.5 billion.
Apple Hospitality CEO: Little Changed Since NYSE Listing
Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), 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.
Mixed Economic Signals Don’t Dampen Real Estate Fundamentals
In the latest episode of the NAREIT Podcast, Michael Hedden, managing director with FTI Consulting, assessed the state of real estate fundamentals amid muddled signals from the broader economy.
Measures of gross domestic product (GDP) and job growth are mixed, according to Hedden. Capital continues to flow into real estate, though, he said.
Quick Study: Investor Uncertainty Produces Quiet Month for REITs
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, a “fairly quiet” November for REITs and other asset classes.
The total returns of the FTSE/NAREIT All REIT Index fell 0.3 percent in November, while the S&P 500 Index gained 0.3 percent. The yield on the 10-year Treasury note was up 0.1 percent for the month. Case pointed out that mortgage REITs gained 1 percent for the month while producing strong dividend yields.
Morgan Stanley Banker Says Timing Not Right for REIT IPOs
Jackson Hsieh, vice chairman at Morgan Stanley, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
In the March/April edition of REIT magazine, Hsieh said that while the market for traditional IPOs is still open, the bar is “very high.” In the subsequent months the bar for REIT IPOs has only got higher, he noted.
With REIT indexes basically flat, investors aren’t making money on existing floated companies, Hsieh said.
Farmland Partners CEO Highlights Potential of Green Energy
Paul Pittman, chairman, president and CEO of Farmland Partners Inc. (NYSE: FPI), 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.
Host Hotels CEO Explains Rationale Behind REIT’s Share Buyback
W. Edward Walter, CEO of Host Hotels & Resorts Inc. (NYSE: HST), 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.
Essex CEO Sees Chronic Housing Shortage in California
Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), 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.
Essex invests in transit-accessible urban and suburban apartment assets within the coastal California and Seattle markets. Schall described the ongoing housing shortage on the West Coast.
REITs Lose Ground in November
REITs lost ground in November, as uncertainty over the timing of interest rate changes and concerns about economic data weighed on the sector.
The total returns of the FTSE/NAREIT All REIT Index fell 0.3 percent in November, while the S&P 500 Index gained 0.3 percent. The yield on the 10-year Treasury note was up 0.1 percent for the month.
Through the end of November, REIT total returns for 2015 were up 1.1 percent, while the S&P 500 Index was up 3.0 percent.










