Tag: property

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Essex Property Trust CEO Hails Results of Merger

Michael Schall, president and CEO of Essex Property Trust (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Earlier this year, Essex completed its purchase of another apartment REIT, BRE Properties. Schall talked about the status of the efforts to integrate the two companies.

“I would certainly say that acquiring a large company is a challenging process, but it’s going very well,” Schall noted.

Michael Schall

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Columbia Property Trust CEO Sees Improvement in National Office Fundamentals

Nelson Mills, president and CEO of Columbia Property Trust (NYSE: CXP), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Columbia Property Trust invests in and manages commercial class-A office properties in primary markets within the United States. Founded in 2003, the company went public in October 2013.

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Gramercy Property Trust Finding Good Deals in Office, Industrial Sectors, CEO Says

Gordon DuGan, CEO of Gramercy Property Trust (NYSE: GPT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Gramercy has made acquisitions in both the office and industrial sectors in 2014. DuGan said both sectors are healthy thanks in part to a dearth of new construction. The company is finding “terrific” assets on the market in the range of $ 5 million to $ 30 million.

Gordon DuGan

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Morgan Stanley Investment Manager Says Global Property Stocks Equate to Core Real Estate

Ted Bigman, managing director at Morgan Stanley, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Bigman discussed the approach investors should take when considering global property stocks as a portion of multi-asset portfolios.

“First and foremost, they should look at them as real estate… Their returns over the medium- and long-term should track real estate,” Bigman said. Within the real estate sector, investors should view global property stocks as core real estate, he added.

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Gramercy Property Trust Transitions to Net Lease Property Ownership

Gordan DuGan, CEO of Gramercy Property Trust (NYSE: GPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Gramercy has transformed from a real estate finance company to a net lease property owner. DuGan was asked how the transition has been received by the market and if there is more work to be done to complete the transformation.

“The good news is that there’s no more work to be done in the transformation, and it’s been received extremely well,” DuGan said.

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Essex Property Trust Joins S&P 500; Completes Merger with BRE

West Coast multifamily REIT Essex Property Trust, Inc. (NYSE: ESS) joined the S&P 500 Index on April 1, making it the 18th REIT to be included in the index.

Previously, Essex Property Trust was included in the S&P MidCap 400 Index.

Essex Property Trust is the first REIT to be added to the S&P 500 Index this year. Two apartment REITs, General Growth Properties, Inc. (NYSE: GGP) and Macerich (NYSE: MAC), were added last year.

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Essex Property Trust
Inc. president and CEO Michael Schall

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