REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Kevin Shields, chairman and CEO of Griffin Capital Essential Asset REIT, joined REIT.com for a CEO Spotlight video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Prologis, Inc. (NYSE: PLD) said April 19 it has agreed to buy industrial property owner KTR Capital Partners through a joint venture for a total of $ 5.9 billion.
The properties will be acquired by Prologis U.S. Logistics Venture (USLV), a consolidated joint venture with Norges Bank Investment Management (NBIM), the manager of the Norwegian Government Pension Fund Global. Prologis holds a 55 percent stake in the joint venture.
Chris Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), joined REIT.com for a CEO Spotlight video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
STORE is an acronym for single-tenant operational real estate, which is the company’s target market. The Scottsdale, Ariz.-based company held an initial public offering (IPO) in November 2014.
Kate Courtis, senior vice president for taxation at General Growth Properties, Inc. (NYSE: GGP), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Courtis moderated a panel at REITWise looking at the partnership tax issues encountered by REITs. Some of the issues the panel discussed included disguised sales and beneficial elections.
“When [REITs] want to recycle capital, retention of that capital is critical,” Courtis said.
Peter Fass, partner at Proskauer Rose, LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Fass observed that new customer account rules from the Financial Industry Regulatory Association (FINRA) aiming to increase transparency of public non-listed REITs (PNLR) have led to speculation about their impact on a number of fronts.
“There’s a lot of talk about how it’s going to affect sales. Who’s going to make the changes? Will it reduce fees to broker-dealers? We shall see,” he said.
Mark Decker Jr., group head of U.S. real estate at BMO Capital Markets, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Decker discussed the state of the real estate capital markets.
“They’re in great shape,” he said. “There’s a lot of access to all the markets. Pick your flavor. If you’ve got a good use for the money, there’s a lot of investor support,” he said.
Joe Downey, EVP and global client advocate at Willis, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Willis is a leading global risk advisor, insurance and reinsurance broker.
Downey observed that the property insurance market is a particularly low-priced environment at this time.
In the latest episode of the NAREIT Podcast, Christopher Volk, president and CEO of STORE Capital (NYSE: STOR), discussed the REIT’s IPO in late 2014 and the transactions market in the net lease sector.
