Multifamily REIT UDR CEO Takes On Urban Development Challenges

Multifamily REIT UDR CEO Takes On Urban Development Challenges Tom Toomey, president and CEO of multifamily REIT UDR, Inc. (NYSE: UDR), is the first CEO of a public firm to serve as global chairman of the Urban Land Institute (ULI). His two-year term began in June. In an interview with REIT.com, Toomey spoke about the …

FTSE NAREIT All REITs Index Up 0.6% in August

FTSE NAREIT All REITs Index Up 0.6% in August REIT returns were flat in August, as investors adopted a hesitant stance amid broader macroeconomic uncertainty, according to market observers.  “August was a desultory month for investors in listed U.S. REITs and most other assets,” said Brad Case, NAREIT senior vice president for research and industry information.   …

888 Boylston Takes Sustainability to New Level for Boston Properties

888 Boylston Takes Sustainability to New Level for Boston Properties In a city renowned for its landmarks, Boston Properties, Inc. (NYSE: BXP) has added the wind turbines atop its 888 Boylston Street building in Boston’s Back Bay to a diverse list of sights. Bryan Koop, Boston Properties’ executive vice president for the Boston region, says …

Physicians Realty CEO Says Market for Medical Office Buildings Robust

Physicians Realty CEO Says Market for Medical Office Buildings Robust John Thomas, president and CEO of Physicians Realty Trust (NYSE: DOC), joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown. Physicians Realty Trust made nearly $250 million of investments in the first quarter. Thomas described the …

Fitch Analyst Says REITs Looking to Reduce Cost of Financing

Fitch Analyst Says REITs Looking to Reduce Cost of Financing Steven Marks, managing director at Fitch Ratings, joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown. Marks commented on a recent report by Fitch into REITs’ bank borrowing exposure. Fitch looked at the sum of withdrawals …

Dutch Fund Manager Says Post-Brexit Uncertainty Remains for Global Real Estate

Dutch Fund Manager Says Post-Brexit Uncertainty Remains for Global Real Estate Hans Op ‘t Veld, head of listed real estate at Dutch pension fund PGGM, joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown. Op ‘t Veld commented on the investment climate in the wake of …

Essex Property Trust Says Tech Industry Fueling West Coast Demand

Essex Property Trust Says Tech Industry Fueling West Coast Demand Michael Schall, president and CEO of Essex Property Trust, Inc.(NYSE: ESS), joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown. Essex acquires, develops, redevelops and manages multifamily apartment communities on the West Coast. Schall attributed Essex’s double-digit …

Empire State Realty Optimistic on Street Retail

Empire State Realty Optimistic on Street Retail John Kessler, president and COO of Empire State Realty Trust(NYSE: ESRT), joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown. Kessler noted that the REIT is experiencing positive results in terms of leasing spreads and same-store net operating income …