Former NAREIT President Arthur Viner Dies at Age 92

Former NAREIT Board of Governors President Arthur Viner, who founded REIT sponsor Investors Central  Management Corp. , died June 19 at the age of 92.

Viner’s tenure at Investors Central Management Corp., which sponsored three REITs that were listed on the New York Stock Exchange, ran from 1958 to 1991. He held the positions of president and CEO of the company during that period.

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New York REIT President Reflects on Strong Market Response to Public Listing

Michael Happel, president of New York REIT, Inc. (NYSE: NYRT), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

New York REIT started as a public, non-listed REIT (PNLR) before listing on the NYSE in April. Happel was asked about market reaction to the listing.

“The market response has been fantastic,” he said. He explained that the listing had two main purposes – to provide liquidity to existing shareholders as well as to provide the company with long-term access to public market debt and equity.

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