Modest Pickup in REIT IPO Activity Possible, Investment Banker Says

Greg Steele, managing director and head of REIT investment banking at Capital One Securities, Inc., joined for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Steele said the level of capital markets activity so far this year is “not surprising, given the backdrop of what’s been going on in the equity and bond markets.” He noted that fundamentals remain strong, along with stable cap rates, and a level of demand that well exceeds supply.