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Nelson Mills, president and CEO of Columbia Property Trust (NYSE: CXP), 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.
Mills said millennials continue to impact the office sector.
“There’s rigorous competition for millennial talent, and that shapes the location of the space and configuration,” Mills noted, when speaking on the leasing requirements of tenants.
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, CenterSquare Chief Investment Strategist Scott Crowe discussed the upcoming vote on the United Kingdom’s possible withdrawal from the European Union, known as the Brexit, and the implications of the event for the U.K. property market and real estate markets in Continental Europe.
Property values nationwide dipped about 0.3 percent in April, as measured by the FTSE NAREIT PureProperty Index Series.
Brad Case, NAREIT’s senior vice president for research and industry information, noted that property values were firmer in the Midwest and East regions, both of which saw values increase in the range of 0.6 to 0.7 percent. On the other hand, property values declined by roughly 1.5 percent in the South and 1.1 percent in the West.
Mike McGillis, facility assessor at Tetra Tech, Inc., 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.
Tetra Tech is a provider of consulting, engineering, program management, construction management and technical services worldwide. McGillis specializes in developing and implementing real estate asset management programs.
Property values nationwide increased about 5.6 percent in March as measured by the FTSE NAREIT PureProperty Index Series.
Brad Case, NAREIT’s senior vice president for research and industry information, noted that March saw rebounds in property values and the total returns that REITs receive from ownership of their properties.
Property values nationwide increased 0.4 percent in February as measured by the FTSE NAREIT PureProperty Index Series.
Brad Case, NAREIT’s senior vice president for research and industry information, noted that February was marked by “a marginal increase in property values, even though we saw a marginal decline in total returns for REITs.” The total returns of the FTSE/NAREIT All REIT Index fell 0.3 percent in February.
