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REIT CEOs shared their perspectives on the outlook for 2017 during a series of video interviews held at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Tim Naughton, the 2017 NAREIT Chair and the chairman and CEO of AvalonBay Communities, Inc. (NYSE: AVB), stressed that committee assignments in Congress and the prospect of tax reform on the policy agenda means “we need to make sure our industry’s voice is heard.”
The single-family home rental sector should experience solid growth for at least the next decade, buoyed in part by demand from millennials, a shortage of housing and greater acceptance as a viable investment, according to the CEOs of single-family housing REITs.
The CEOs participated in a Dec. 6 panel discussion presented by the National Rental Home Council at the IMN SFR Investment Forum West in Phoenix.
Howard Schwimmer and Michael Frankel, co-CEOs of Rexford Industrial Realty Inc. (NYSE: REXR), 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.
Rexford has increased the square footage of its Southern California-based portfolio by 21 percent since the beginning of 2015. Schwimmer discussed what has been driving the activity.
Speaking at a lunch panel on the first day of REITWeek 2015: NAREIT’s Investor Forum, executives from a diverse group of REITs expressed optimism regarding fundamentals in their particular market segments.
During the June 9 session moderated by David Neithercut, president and CEO of Equity Residential (NYSE: EQR) and NAREIT’s 2015 chair, the executives also pointed to favorable conditions in the capital markets.
