Real Estate Investment Banker Reflects on Tax Reform, IPO Market

Mark Decker Sr., vice chairman at BMO Capital Markets, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Decker previously served as NAREIT president, and was at the helm of the association when the 1986 Tax Reform Act was passed.

Decker remarked that at the time of passage, the REIT model was not very well known, nor well-established.

News

Increased Density Impacts Office Landlords’ Capital Needs, Piedmont CEO says

Don Miller, president and CEO of Piedmont Office Realty Trust (NYSE: PDM), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Piedmont owns and manages class A office buildings located primarily in Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Minneapolis, New York and Washington, D.C.

Miller spoke about disruptions that have occurred in the office segment.

News

A Closer Look at Externally Advised REITs from Green Street Advisors

Phil Owens, senior vice president for advisory and consulting at Green Street Advisors, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Owens commented on the newer breeds of externally advised REITs that have emerged recently.

Today, the externally advised REITs impose a single fee and operate with an alignment of interest between the external advisor and the REIT shareholders, he explained.

News

Health Care REIT HCP Highlights Diversity of Repositioned Company

Justin Hutchens, chief investment officer at HCP, Inc. (NYSE: HCP), joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Earlier this year, HCP announced it would spin off its ManorCare portfolio of skilled nursing and assisted living assets into an independent, publicly traded REIT. Hutchens said the decision was made following a number of years of efforts to try to reposition the portfolio.

News

Shopping Center REIT PREIT Says Investor Communication a “Huge Focus”

Joseph Coradino, CEO of Pennsylvania Real Estate Investment Trust (NYSE: PEI), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

PREIT owns and operates approximately 26 million square feet of retail space in the eastern half of the United States, with a concentration in the Mid-Atlantic region’s top metropolitan statistical areas.

News

Office REIT Columbia Property’s NYU Medical Center Lease “Very Significant,” CEO Says

Nelson Mills, president and CEO of Columbia Property Trust (NYSE: CXP), joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Columbia owns and operates class A office buildings concentrated in central business district locations, with more than half its portfolio in high-barrier-to-entry markets, including San Francisco, New York, Washington D.C., and Boston.

News