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Rick Romano, managing director and portfolio manager at PGIM Real Estate , joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Romano commented on the surprise developments he has seen in the REIT market so far this year. One of the biggest surprises, according to Romano, has been the disconnect between net asset value (NAV) and price performance for core real estate.
Eric Mendelsohn, president and CEO of National Health Investors (NYSE: NHI), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
NHI’s portfolio includes independent, assisted and memory care communities, skilled nursing facilities, medical office buildings and specialty hospitals.
Mendelsohn described the senior housing cycle as “bifurcated.” Investors appear to be avoiding skilled nursing, he said, so cap rates are rising quickly in response.
Dennis Gershenson, president and CEO of Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Ramco-Gershenson owns and manages multi-anchor shopping centers primarily located in about a dozen of the largest metropolitan markets in the United States. The REIT is celebrating its 20th anniversary as a publicly traded company this year.
Drew Alexander, president and CEO of Weingarten Realty (NYSE: WRI), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Weingarten owns and operates neighborhood and community shopping centers in major metropolitan markets located in 18 states across the country.
Alexander said the company remains “cautiously optimistic” about new development, noting that Weingarten is working on a number of complicated projects that can take many years to finalize.
Mark Alfieri, president, CEO and COO of Monogram Residential Trust (NYSE: MORE), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Monogram’s portfolio includes investments in 55 multifamily communities in 10 states comprising more than 15,000 apartment homes.
Alfieri stressed the importance of development for the company, noting that it will continue to account for about 70 percent of growth in the long term.
Michael Carroll, CEO of Devonshire REIT, Inc., joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Devonshire is a private REIT that owns, operates and develops shopping centers in the Midwest, Great Lakes and Southeastern regions of the United States.
Carroll, who was appointed CEO in May, highlighted his priorities for the short and medium terms.
Ernest Rady, president and CEO of American Assets Trust, Inc. (NYSE: AAT), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
American Assets Trust owns retail, office and residential properties in high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington and Hawaii.
Bruce Duncan, president and CEO of First Industrial Realty Trust, Inc. (NYSE: FR), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
First Industrial owns and operates industrial real estate for multinational corporations and regional customers in major markets across North America.
Duncan discussed the firm’s current development pipeline and the outlook for leasing.
Consumers have long demonstrated their fondness for customer loyalty programs across a wide variety of businesses, from major airlines to hotels to coffee shops around the corner. In a bid to push foot traffic across their portfolios, retail REITs are now turning to loyalty programs that gives customers instant access to promotions and cash-back rewards around their malls and shopping centers.
REITs and their tenants get real-time insight into the spending patterns of their customers in the process.
Lou Haddad, president and CEO of Armada Hoffler Properties, Inc. (NYSE: AHH), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Armada Hoffler owns and develops institutional-grade office, retail and multifamily properties in markets throughout the Mid-Atlantic United States.
