Monmouth Celebrating 50 Years as Public REIT

Mike Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), 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.

This year marks Monmouth’s 50th anniversary as a public REIT. Landy described the milestone as a “remarkable achievement.” He noted that his father, Eugene Landy, Monmouth’s founder and chairman, is still actively involved on a daily basis.

News

Easterly Government Properties Adjusting to Life as Public REIT

William Trimble, president and CEO of Easterly Government Properties (NYSE: DEA), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Easterly acquires, develops and manages class-A commercial properties that are leased to government agencies primarily through the General Services Administration (GSA). The company focuses on newer, purpose-built space.  Its current portfolio contains 30 buildings, all of which are 100 percent leased.

News

Blackstone’s Single-Family Rental Venture Could Go Public in Next Two Years

Jonathan Gray, global head of real estate at private-equity firm The Blackstone Group, said he expects the company’s single-family rental platform will be in a position to go public within the next one to two years.

Speaking April 23 at the Real Estate Luminaries Series at Georgetown University’s Steers Center for Global Real Estate, Gray said Blackstone is in the process of “building something that will look like an apartment REIT.”

News

Real Estate Lawyer Sees Continuing Capital Flows into Public Non-Listed REITs

Peter Fass, partner at Proskauer Rose, LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Fass observed that new customer account rules from the Financial Industry Regulatory Association (FINRA) aiming to increase transparency of public non-listed REITs (PNLR) have led to speculation about their impact on a number of fronts.

“There’s a lot of talk about how it’s going to affect sales. Who’s going to make the changes? Will it reduce fees to broker-dealers? We shall see,” he said.

News

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.

News