REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
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.
Bill Hankowsky, chairman and CEO of Liberty Property Trust (NYSE: LPT), 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.
Liberty sold $ 1.3 billion of non-core real estate in 2016. The disposition allowed Liberty to complete its portfolio repositioning and become a national industrial REIT, Hankowsky said.
Four Corners Property Trust, Inc. (NYSE: FCPT), which spun off from Darden Restaurants Inc. in November 2015, sees significant external growth potential in the fragmented restaurant real estate sector, according to CEO Bill Lenehan.
At the time of the spinoff, the triple-net lease REIT’s portfolio included 300 Olive Garden restaurants, 104 LongHorn Steakhouse restaurants, 11 Bahama Breeze restaurants, two Seasons 52 restaurants and one Wildfish Seafood Grille restaurant.
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Jahn Brodwin, senior managing director with FTI Consulting, offered his analysis of the Brexit’s effect on property markets in the United Kingdom.
Brodwin said measuring the impact of the Brexit on property values in the U.K. has proven to be difficult as transactions have halted since the vote. Additionally, a number of real estate investment funds have suspended trading, adding to the difficulty.
Drew Sims, chairman and CEO of SoTHERLY Hotels Inc. (NASDAQ: SOHO), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
SoTHERLY focuses on the acquisition, renovation and repositioning of upscale full-service hotels in the southern United States. Most of the company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group, and Starwood Hotels and Resorts brands.
Spencer Levy, Americas head of research at CBRE, 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.
Levy spoke at REITWise 2016 on the state of the real estate markets. One of the most important trends among “big occupiers” in the commercial real estate market today is talent acquisition, according to Levy.
Richard Smith, president and CEO of FelCor Lodging Trust, Inc. (NYSE: FCH), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
In September, FelCor sold the final hotel in its disposition program. Since that time, the company has said it would make opportunistic asset sales. Smith explained the strategy.
“It’s really to create capacity as we move through the cycle and open up the use of proceeds for things that will be higher yielding,” he said.
