Camden Slowing Down Apartment Development

Ric Campo, chairman and CEO of Camden Property Trust (NYSE: CPT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Campo commented on Camden’s recent move to dispose of $ 1.2 billion in assets, which has allowed the company to renew and reposition its portfolio by investing in new development.

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Apartment Construction Not Slowing Down, According to Neyland

Ella Shaw Neyland, president of Steadfast Apartment REIT, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Steadfast Apartment REIT is a public, non-listed REIT that acquires and manages mid-tier apartments.

Neyland described the current acquisition conditions in Steadfast’s target. Neyland also discussed supply conditions in those markets.

Ella Shaw Neyland

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Malls, Apartment, Office REITs Candidates for M&A, Green Street Consultant Says

Dirk Aulabaugh, managing director with the Green Street Advisors Advisory & Consulting Group, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Green Street’s Advisory & Consulting Group advises private real estate companies, publicly traded and non-listed REITs, C-corps, real estate operating companies, hedge funds, pension funds, family offices, and other real estate market participants.

Dirk Aulabaugh

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Apartment Market Yet to Hit Peak

In the latest episode of the NAREIT Podcast, David Kessler, partner with CohnReznick, discussed major themes in the apartment and office markets.

Regarding the multifamily sector, Kessler noted that speculation is growing that the sector is approaching its peak. He rebutted that suggestion, however.

“I think [the multifamily sector] has a long way to go still because we’re so far away from the norms as far as supply and demand,” Kessler said.

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Apartment Deal to Drive Down CMBS Delinquencies

In the latest episode of the NAREIT Podcast, Manus Clancy of Trepp discussed the declining number of delinquent loans in commercial mortgage-backed securities (CMBS).

Trepp data show that the percentage of delinquent CMBS loans—the delinquency rate—has trended downward in the last two years in conjunction with the recovery in the commercial real estate markets. It fell to 5.23 percent in October, down approximately 15 percent from the year-earlier level.

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Apartment REIT Equity Residential Selling Assets for $5.4 Billion

Equity Residential (NYSE: EQR) announced Oct. 26 that it has agreed to sell more than 23,000 apartment units in mainly suburban locations to private equity firm Starwood Capital Group for $ 5.37 billion.

The deal involves 72 properties located in South Florida, Denver, Washington, Seattle and California’s Inland Empire. The sale is expected to close in the first quarter of 2016. Starwood will pay approximately $ 230,634 per unit.

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