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Will Teichman, director of sustainability with retail REIT Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
Kimco issues a corporate sustainability report based on Global Reporting Initiative (GRI) guidelines. Teichman explained the rationale behind using GRI.
Marla Thalheimer, director of sustainability at Liberty Property Trust (NYSE: LRY), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
Shawn Cepeda, managing director of debt capital markets at Bank of America Merrill Lynch, joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
According to Cepeda, sustainability for most companies is comprised of environmental responsibility, social responsibility and corporate governance. When Bank of America Merrill Lynch makes a decision about financing sustainability, “we’re really focused on the environmental element of the sustainability umbrella,” according to Cepeda.
Mona Benisi, director of sustainability at Simon Property Group, Inc. (NYSE: SPG), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
Benisi noted that one of the issues surrounding green leases in the retail sector is that of properly explaining what the contract involves.
“It’s a new topic; it’s evolving, both for landlords and tenants. I think a big challenge is having proper communication and really explaining what is part of a green lease,” Benisi said.
Nils Kok, founder and executive director of the Global Real Estate Sustainability Benchmark (GRESB), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
GRESB is an industry-driven organization that assesses the sustainability performance of real estate portfolios around the globe. Kok noted that during the past 18 months, he has observed an increasing interest in “green bonds” from fixed-income investors. The proceeds from these bonds are used to finance sustainability initiatives.
Matt Wokasch, vice president for advisory and consulting with Green Street Advisors, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Wokasch offered his opinion on the most influential trends affecting the REIT market in 2014. He noted that management teams of C corporations have been trying to monetize the value of their real estate holdings.
Michael Knott, managing director with Green Street Advisors, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Knott offered an assessment of the valuations of health care properties in the current market. Deals that have taken place in the health care REIT sector in 2014 have helped to drive the value of health care real estate assets up “dramatically” and boosted the interest of capital markets in the sector, according to Knott.
Eric Frankel, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Frankel discussed developments in the industrial REIT sector during the first half of the year. Industrial fundamentals have been good for the past few years, said Frankel, noting that the recovery in the industrial sector started relatively slowly when the economy first began to improve about four years ago.
“It’s been pretty smooth sailing,” he observed.
