Jim Hanks, partner with Venable, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Hanks discussed some of the issues surrounding “say on pay” for REITs.
Sabra Health Anticipating Record Investment in 2014
Rick Matros, chairman and CEO of Sabra Health Care REIT (NASDAQ: SBRA), joined REIT.com for a video interview at the St. Regis Hotel in Washington, D.C. during NAREIT’s 2014 Washington Leadership Forum.
Sabra has recently expanded into Nebraska and Texas, and Matros was asked if further investment could be expected.
Matros explained that Sabra has indicated that it expects to invest in the range of $ 350 million to $ 450 million this year, making it “our best year up to this point.”
S&P Analyst Says REITs Using Debt for Growth
Lisa Sarajian, managing director at Standard & Poor’s Ratings Agency, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Sarajian was asked about the state of the market for the bonds and preferred stocks of REITs.
National Health Investors Prefers Small Platform
Justin Hutchens, president and CEO of National Health Investors (NHI), joined REIT.com for a CEO Spotlight video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Hutchens discussed the benefits of National Health Investors’ expressed goal of staying small in size.
New York REIT Lists on NYSE
New York REIT, Inc., (NYSE: NYRT), which was created in September 2010 as a public, non-listed REIT, began trading on the New York Stock Exchange (NYSE) April 15.
Shares of the company’s stock opened at a price of $ 10.70 and were trading around $ 10.37 by late afternoon.
The company, which was previously known as American Realty Capital New York Recovery REIT, Inc., focuses on acquiring and operating a portfolio of institutional-quality office and retail properties in New York.
Morrison Foerster Lawyer Sees REITs Narrowing Focus
John Good, partner and co-head of the REIT group at law firm Morrison Foerster, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Good was asked to comment on the movement among a number of REITs to spin off portfolios of assets into separate companies. This occurred most recently when Vornado Realty Trust (NYSE: VNO) announced that it would spin off 81 strip shopping center assets and four malls from its portfolio into a new REIT.
Vornado Spinning Off Strip Shopping Centers, Malls into Separate REIT
Vornado Realty Trust (NYSE: VNO) said April 11 that it plans to simplify its business model by spinning off 81 strip shopping centers and four malls into a new stock exchange-listed REIT currently known as “SpinCo.”
“We seek a very clean exit from the retail business… it’s all very, very logical… we are in the business of focusing,” said Steven Roth, chairman and CEO of Vornado, during an April 14 conference call.
JP Morgan Analyst Discusses REIT Debt Levels, Investment Grade Ratings
Mark Streeter, managing director at JP Morgan Chase, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Streeter was asked about appropriate debt levels for REITs and how the industry as a whole performs in this area. He noted that since the financial crisis, the REIT industry has been more focused on the metric of debt to earnings before interest, taxes, depreciation and amortization (EBITDA).
S&P Credit Analyst Says REIT Debt Financing Growth
Lisa Sarajian, managing director at Standard & Poor’s Ratings Agency, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.
Sarajian was asked about the state of the market for the bonds and preferred stocks of REITs.
Podcast: Peter Fass, Proskauer Rose LLP
Peter Fass, partner in the New York office of the law firm Proskauer Rose LLP, discussed some of the latest trends and developments in the public, non-listed REIT (PNLR) market in an interview for the latest edition of the NAREIT Podcast.