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Matt Werner, portfolio manager and analyst at Chilton Capital Management, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Given the outperformance of the REIT market compared with broader market indices in 2014, Werner commented on REIT valuation levels.
“Any time the market goes up by almost 30 percent, you’re going to have questions about valuation,” Werner said.
Vivek Seth, managing director and head of real estate investment banking at Raymond James, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
During REITWorld 2014, Seth moderated a panel focusing on trends in the capital markets. According to Seth, some of the main themes that emerged from the panel included the robustness of the markets and capital flows today, as well as the earnings power that REITs currently enjoy.
Thomas Nolan, chairman and CEO of Spirit Realty Capital (NYSE: SRC), 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.
Scottsdale, Ariz.-based Spirit Realty Capital was formed in 2003 to purchase single-tenant, net lease properties. The company’s portfolio consists of approximately 2,100 properties across 48 states.
Christopher Marr, president and CEO of CubeSmart L.P. (NYSE: CUBE), 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.
CubeSmart owns and operates self-storage facilities in the United States and Puerto Rico. At the end of the third quarter, CubeSmart owned 390 facilities with an occupancy level of 91.5 percent.
Jeff Horowitz, global head of real estate, gaming and lodging at Bank of America Merrill Lynch, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Horowitz gave an overview of REIT capital market activity in 2014. According to Horowitz, REITs have raised about $ 55 billion this year, comprised of $ 25 billion in equity, $ 2 billion in preferred stock and the remainder in unsecured debt.
Amy Tait, chairman, president and CEO of Broadstone Real Estate LLC, 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.
Stephen Schmitz, chairman and CEO of American Residential Properties (NYSE: ARPI), and Laurie Hawkes, the company’s president and COO, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
American Residential Properties acquires, renovates, leases and manages single-family properties across 13 states. The company is located in Scottsdale, AZ.
Schmitz discussed the current state of the acquisitions market for single-family properties.
John Brady, managing director of RBC Capital Markets, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Brady discussed action in the initial public offering (IPO) market for REITs in 2014, noting that activity “is more back-ended this year than it has been in prior years.”
Going forward, Brady predicts a “healthier” IPO market in general with an uptick in the number of offerings.
David Henry, CEO of Kimco Realty Corp. (NYSE: KIM), 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.
Kimco has gone through a high volume of property acquisitions and dispositions in 2014.
“Like most of the industry post-recession, we have been all about recycling,” Henry said. “We’re trying to sell the bottom parts of our portfolio and add high-quality properties.”
