Tag: Manager

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Fund Manager Says REITs Appear Undervalued

Matthew Werner, portfolio manager at Chilton Capital Management, 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.

Werner offered advice to generalist investors who are considering entering the REIT market.

“At the end of the day, the ‘location, location, location’ thesis is something that should not be ignored at all,” Werner stressed. “Being mindful of risk should always be a top-of-mind decision when looking at a company.”

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Portfolio Manager Says Top-Tier Malls “Thriving”

Scott Craig, vice president and portfolio manager at Eaton Vance Management, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Craig shared his views on interest rate movements and their likely impact on REIT stocks. He stressed that real estate is a long-duration asset class.

“The forward yield curve today implies that five years from now, the 10-year U.S. Treasury rate will be less than 2.5 percent. That’s a very supportive environment for real estate,” he said.

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PGIM Portfolio Manager Sees Disconnect in REIT Stock Prices

Rick Romano, managing director and portfolio manager at PGIM Real Estate , joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Romano commented on the surprise developments he has seen in the REIT market so far this year. One of the biggest surprises, according to Romano, has been the disconnect between net asset value (NAV) and price performance for core real estate.

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REIT Volatility Defined First Half, Fund Manager Says

Joel Beam, managing director at Salient Partners, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

According to Beam, volatility has been the dominant theme for REITs in the first half of 2016.

“Volatility really has been the story from our point of view, and I think it’s really what gives investment managers that challenge of staying steady at the wheel,” he said.

Looking to the second half, Beam said he will be focused on “the landscape of returns.”

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Fund Manager Sees Potential for Increased Real Estate Volatility as Valuations Rise

Sherry Rexroad, chief investment officer with BlackRock Global Real Estate Securities, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Rexroad offered perspective on the level of volatility in commercial real estate markets. She stressed that volatility has largely been driven by macroeconomic and monetary policy, rather than real estate fundamentals.

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Brexit Making Continental Real Estate More Attractive Than U.K., Fund Manager Says

Steve Shigekawa, managing director with Neuberger Berman, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Shigekawa leads the Neuberger Berman Global Real Estate Securities Group.

Shigekawa discussed the impact of  the United Kingdom’s upcoming referendum regarding membership in the European Union and what it means for property markets in both England and on the Continent in Europe.

Steve Shigekawa

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IPO Market on Hold as Volatility Keeps Companies Sidelined, NYSE Manager Says

Ron Bohlert, managing director of the Global Client Services Group at the New York Stock Exchange, 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.

Bohlert attributed the recent slowdown in REIT initial public offering (IPO) activity to volatility in the equity markets, triggered in part by the economic situation in China and continued pressure on oil prices.

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Fund Manager Says Global Markets Seeking New Equilibrium

Sherry Rexroad, chief investment officer at BlackRock Global Real Estate Securities, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Rexroad commented on the level of investor appetite for risk, given the deceleration of growth in China.

“The global markets are really trying to come to a new equilibrium, one that’s not as dependent on the Federal Reserve or supercharged growth out of China,” Rexroad said.

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