Multifamily REIT Monogram Sees Bulk of Growth From Development

Mark Alfieri, president, CEO and COO of Monogram Residential Trust (NYSE: MORE), joined for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Monogram’s portfolio includes investments in 55 multifamily communities in 10 states comprising more than 15,000 apartment homes.

Alfieri stressed the importance of development for the company, noting that it will continue to account for about 70 percent of growth in the long term.


Monogram Making its Mark on Multifamily Market

Last year was a period of adjustment for Monogram Residential Trust (NYSE: MORE). It changed its name, transitioned to self-management and listed its shares on the New York Stock Exchange.

Monogram, previously known as Behringer Harvard Multifamily REIT I, Inc., a public non-listed REIT, was formed in 2006. Since then, it has assembled a portfolio that includes investments in 54 upscale multifamily properties, consisting of more than 15,000 apartment homes across 11 states.