Life Science REIT Alexandria Gaining Pricing Power

Peter Moglia, chief investment officer at Alexandria Real Estate Equities (NYSE: ARE), 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.

Alexandria provides real estate for the life science and technology industries. The company is active in the San Francisco Bay Area, Boston, San Diego, New York and Seattle markets, among others.

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Life Storage Phasing Out REIT’s Uncle Bob Brand

For Life Storage, Inc. (NYSE:LSI), the summer of 2016 has been anything but a time to slow down and relax.

Executives from Life Storage, the REIT formerly known as Sovran Self Storage, Inc., rang the New York Stock Exchange closing bell on Aug. 16 to commemorate the company’s recent rebranding and new stock ticker symbol.

Sovran changed its name to Life Storage following its acquisition of LifeStorage, LP, a privately owned self-storage operator, in July for approximately $ 1.3 billion.

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Activist Investors “Fact of Life” in Real Estate Now, Cicco Says

Marty Cicco, senior managing director at Evercore, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Evercore is an independent investment banking advisory firm.

Cicco said he expects activist shareholders to continue to play a role in the commercial real estate sector. “It’s a fact of life in the public markets going forward,” he said.

Cicco also discussed the slowdown in the issuance of REIT preferred shares.

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Lamar Billboards Find New Life Once Taken Down

Lamar Advertising Co. (NASDAQ: LAMR) is ensuring that its billboards have a second lease on life once their advertising days are over.

Rather than ending up in a landfill, the billboards are repurposed by Los Angeles-based outdoor gear manufacturer Rareform into surfboard bags, backpacks, laptop sleeves, wallets, and other types of bags and accessories.

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Equinix Adjusting to Life as a REIT

Steve Smith, president and CEO of Equinix, Inc. (NASDAQ: EQIX), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Equinix, which owns data centers around the world, became a REIT at the start of 2015 after waiting 31 months to receive a favorable private letter ruling from the Internal Revenue Service to allow for the conversion. Smith described some of the biggest changes for the company, including the transformation of its investor base.

Steve Smith

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Easterly Government Properties Adjusting to Life as Public REIT

William Trimble, president and CEO of Easterly Government Properties (NYSE: DEA), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Easterly acquires, develops and manages class-A commercial properties that are leased to government agencies primarily through the General Services Administration (GSA). The company focuses on newer, purpose-built space.  Its current portfolio contains 30 buildings, all of which are 100 percent leased.

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