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Eric Bolton, chairman and CEO of MAA (NYSE: MAA), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
MAA focuses on the acquisition, development and management of apartment properties throughout the Southeast and Southwest regions of the United States. Bolton said the company is continuing to see positive rent growth across its portfolio.
Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
According to Schall, the momentum that the apartment industry enjoyed in 2014 carried over into the first half of 2015. In the first quarter, Essex had same property net income growth of 10 percent from the year-earlier period, which Schall credited to the job market on the West Coast.
Ed Pettinella, president and CEO of Home Properties Inc. (NYSE: HME), joined REIT.com for a CEO Spotlight video interview at NAREIT’s 2015 Washington Leadership Forum.
Pettinella speculated that the apartment market in Washington, D.C., would start to recover in the second half of 2015. He noted that job growth is returning in the area following a period of government spending cuts. Additionally, the supply of apartment units in the region is expected to peak this year.
John Williams, co-founder and CEO of Preferred Apartment Communities (NYSE: APTS), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Williams described the current market for multifamily REITs as a “Goldilocks world” in light of the widespread demand for apartment housing. He singled out the southeast and southwest corners of the country as the two best geographic locales for apartment companies.
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president of research and industry information, discussed some encouraging trends in the office and apartment sectors during the first quarter of 2014.
Schnure noted that the apartment sector witnessed another decline in vacancy rates in the first quarter, reaching a new low for the cycle. The office sector also saw some improvement in vacancy rates, although rates are still several percentage points above what would be considered “normal” in a healthy market, he said.
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Corey Lee was born in Seoul, Korea in 1977. The son of an engineer, he moved to the US in 1983 when his father’s work relocated him to New York City. Being an immigrant, the food his mother cooked became the most important and tangible link to Corey’s native culture. And so at an early age, he realized that food occupied an important role in society, one more significant than just sustenance, and he became acutely interested in the different kinds of cuisine he encountered. At age 17, in need of a job and at the random suggestion of a friend, he applied for work at the Bromberg brothers’ popular restaurant, Blue Ribbon Sushi in New York’s SOHO area. He was hired for the dining room but immediately became fascinated by the unique world of the professional kitchen, an environment he found to challenge and gratify both the mind and body on many different levels. He quickly started working in the kitchen and soon realized that cooking would be his profession. Since that almost accidental beginning to Corey’s career, he has gone on to work for some of the most acclaimed restaurants and chefs in the world. In 1997, he moved to London where he spent over a year working and staging at Interlude, Pied à Terre, Savoy Grill, Pierre Koffman’s La Tante Claire, and Marco Pierre White?s Oak Room. He later went on to work with many other venerable chefs including Christian Delouvrier at Lespinasse, Daniel Boulud, Montreal based chef Normand Laprise, and Parisian 3 star Michelin chefs Guy …
