REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Eric Frankel, analyst at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Frankel noted that the two primary components of industrial warehouse demand – trade and consumption – have held steady during the last several years. However, the method in which goods are consumed has changed, largely due to e-commerce.
Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Marks stated that development risk across most of the REIT industry is “pretty well boxed and under control.” According to Marks, development risk in terms of the cost to complete projects relative to gross asset values has declined in recent years.
Ric Campo, chairman and CEO of Camden Property Trust (NYSE: CPT), 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.
Campo commented on Camden’s recent move to dispose of $ 1.2 billion in assets, which has allowed the company to renew and reposition its portfolio by investing in new development.
As MCR Development LLC broadens its focus in the lodging market, it’s adding landmarks like a former TWA flight terminal at JFK International Airport to its portfolio to go along with the seminary in Manhattan’s Chelsea neighborhood that the company converted to The High Line Hotel in 2013.
Drew Alexander, president and CEO of Weingarten Realty (NYSE: WRI), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Weingarten owns and operates neighborhood and community shopping centers in major metropolitan markets located in 18 states across the country.
Alexander said the company remains “cautiously optimistic” about new development, noting that Weingarten is working on a number of complicated projects that can take many years to finalize.
Mark Alfieri, president, CEO and COO of Monogram Residential Trust (NYSE: MORE), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Monogram’s portfolio includes investments in 55 multifamily communities in 10 states comprising more than 15,000 apartment homes.
Alfieri stressed the importance of development for the company, noting that it will continue to account for about 70 percent of growth in the long term.
Bob O’Brien, partner and U.S. real estate services leader at Deloitte, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
O’Brien said he is seeing an increase in development activity for apartment buildings, office buildings, hotels and distribution facilities.
“REITs are playing a big role in development activity,” O’Brien said.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) announced March 16 that it plans to build a new Tanger Outlet Center serving Fort Worth, Texas, and the surrounding metro areas.
The site will be located adjacent to the Texas Motor Speedway. The company estimates the project will create more than 400 full and part-time jobs during the construction phase and more than 900 full and part-time jobs once the new outlet center opens.
Randy Churchey, CEO of EdR (NYSE: EDR), joined REIT.com for a CEO Spotlight video interview at NAREIT’s 2016 Washington Leadership Forum at the St. Regis Hotel in Washington, D.C.
Last month the student housing REIT completed a secondary equity offering that netted more than $ 200 million for EdR. Churchey said the offering was well-received and reflected the company’s many accomplishments of the last few years.
John Good, president and COO of Jernigan Capital (NYSE: JCAP), joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Jernigan Capital is a newly formed REIT that lends directly to self-storage owners and developers. Good explained that the company is filing a void left by the banks in the wake of the financial crisis. Due to increased regulation, banks are finding it harder to make loans on development properties, he said.
