American Assets Trust Focused on Boosting NAV

Ernest Rady, president and CEO of American Assets Trust, Inc. (NYSE: AAT), 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.

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.

American Assets Trust CEO Ernest Rady

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REIT Rebound Highlights Interest in Undervalued Assets, Case Says

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said a rebound in REIT returns during December was likely caused by investor interest in undervalued assets.

The FTSE/NAREIT All REIT Index had a total return of 4.2 percent in December following four consecutive months of downturns. The S&P 500 index was up 2.0 percent in December.

“It was very difficult to make the case that REITs were overvalued. Investors started to recognize that and come back into the REIT market,” Case said.

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Vornado Spinning Off Assets in Washington, D.C.

Vornado Realty Trust (NYSE: VNO) said Oct. 31 it plans on merging its Washington, D.C.-area properties with select assets of The JBG Companies, a real estate firm based in Chevy Chase, Maryland.

The new, combined company will become a publicly traded REIT known as JBG SMITH Properties. The transaction is valued at approximately $ 8.4 billion, and is expected to be completed in the second quarter of 2017.

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Real Estate Assets Holding Firm, Analyst Says

In the latest episode of the NAREIT Podcast, Joi Mar, analyst for real estate analytics with Green Street Advisors, discussed trends in real estate asset valuations.

Mar said that despite signs of a healthy economy in the United States, the market is giving off “mixed signals.” Although the employment picture bodes well, the strength of the dollar, concerns about China and fluctuations in the energy sector are weighing on economic growth, according to Mar.

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Taubman Says Quality of REIT’s Assets Key to Growth

Bobby Taubman, chairman, president and CEO of Taubman Centers, Inc. (NYSE: TCO), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

The REIT owns, manages and leases regional, super-regional and outlet shopping centers in the United States and Asia. Taubman explained that a major factor behind the company’s continued growth in key operating metrics is the quality of its assets.

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