Net Lease REIT Four Corners Looking to Diversify Portfolio

Bill Lenehan, CEO of Four Corners Property Trust, Inc. (NYSE: FCPT), 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.

Four Corners spun off from Darden Restaurants Inc. in November 2015. The REIT operates a portfolio of approximately 440 restaurants located across 44 states.

“We’re in much more of a steady state for growing the portfolio and diversifying,” Lenehan said.

News

Triple-Net Lease Sector Starting Growth Phase, Spirit Realty CEO Says

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.

News

Net Lease REIT VEREIT Making Headway on Investment Grade Metrics

Glenn Rufrano, CEO at VEREIT, Inc (NYSE: VER), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

VEREIT owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets subject to long-term net leases.

In May, VEREIT doubled the size of its initial bond offering to $ 1 billion. Rufrano said actual demand for the offering totaled $ 5.5 billion.

News

Office REIT Columbia Property’s NYU Medical Center Lease “Very Significant,” CEO Says

Nelson Mills, president and CEO of Columbia Property Trust (NYSE: CXP), joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Columbia owns and operates class A office buildings concentrated in central business district locations, with more than half its portfolio in high-barrier-to-entry markets, including San Francisco, New York, Washington D.C., and Boston.

News

Impact of Lease Accounting Standard Unclear, PwC Partner Says

Tom Wilkin, partner at PwC, 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.

Wilkin discussed the impact of the Financial Accounting Standards Board’s (FASB) new lease accounting standard. Issued in February, the new standard will not have a significant impact on lessors, Wilkin said: “Landlords are to a large extent unaffected.”

News