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Cliff Majersik, executive director at the Institute for Market Transformation (IMT), joined REIT.com for a video interview at NAREIT’s 2017 Leader in the Light Working Forum at the Hilton Austin in Austin, Texas.
Majersik discussed the latest regulatory developments that sustainability leaders should monitor.
A fragmented market and growing demand for rental housing puts larger companies in the single-family rental sector in a strong competitive position, according to some market observers.
In a webinar hosted by real estate research firm Green Street Advisors, Don Mullen, CEO and chief investment officer of Progress Residential Master Trust, a private REIT, said current conditions are creating “tremendous opportunity” in the sector.
Michael Barnello, president and CEO of LaSalle Hotel Properties (NYSE: LHO), 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.
Barnello reflected on the current state of the lodging sector. During the last couple of years, “supply has been increasing while demand has not been as strong,” he said. While Barnello expects the trend to continue into 2017, he stressed that this is a normal development in the sector.
James Stewart, CEO of MGM Growth Properties LLC (NYSE: MGP), 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.
MGM Growth Properties went public in April. Since then, the company has focused on “prudently and sustainably” growing adjusted funds from operations and its dividend, Stewart said.
Joe Margolis, chief investment officer, executive vice president and incoming CEO of Extra Space Storage Inc. (NYSE: EXR), 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.
Margolis joined Extra Space in 2015 and will succeed Spencer Kirk as CEO of the company at the beginning of 2017.
Margolis commented on the transition process, joking that he and Kirk have been “joined at the hip for about 18 months now.”
Thomas Nolan, chairman and CEO of triple-net lease REIT Spirit Realty Capital (NYSE: SRC), 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.
Nolan said Spirit has now achieved its goal of becoming an investment-grade company. Access to the unsecured debt market allows Spirit to run its balance sheet and the entire company more efficiently, he added.
Randy Churchey, president and CEO of student housing REIT EdR (NYSE: EDR), 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.
Churchey said external growth through on-campus development is “our most exciting opportunity.” Demand is coming from universities that are running low on funds and have aging housing stock that needs to be upgraded to recruit new students, he explained.
Debra Cafaro, chairman and CEO of health care REIT Ventas, Inc. (NYSE: VTR), 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.
Ken Campbell, co-founder of CBRE Clarion Securities, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Campbell, a long-time REIT industry observer, founded the first REIT-dedicated publication, Realty Trust Review, in 1970.
According to Campbell, the REIT industry still has plenty of room to grow.
