Duke Realty CEO Reflects on Accomplishments as Retirement Nears

Denny Oklak, chairman and CEO of Duke Realty Corp. (NYSE: DRE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Oklak, who is stepping down as CEO at the end of the year, reflected on his tenure at the helm of Duke.

Oklak pointed out that as CEO for almost 12 years, he has been able to accomplish many of the goals he set for the company.

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Federal Realty CEO Offers Advice to Next Generation of REIT Leaders

Don Wood, president and CEO of Federal Realty Investment Trust (NYSE: FRT) joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Wood received the NAREIT Industry Leadership Award at REITWorld 2015. The award is presented annually to a REIT executive who has made a significant and lasting contribution to the growth and betterment of the industry.

Wood offered advice for the next generation of REIT leaders.

Don Wood

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Blackstone to Buy BioMed Realty in $8 Billion Transaction

BioMed Realty Trust, Inc. (NYSE: BMR) said Oct. 8 that private equity firm Blackstone Group L.P. has agreed to acquire the life sciences office and lab space REIT in an all-cash transaction valued at $ 8 billion.

Blackstone’s real estate arm, Blackstone Real Estate Partners VIII, will pay $ 23.75 for each outstanding BioMed common share. This represents a premium of about 24 percent above the closing stock price on Sept. 22, the last date before speculation began about a potential sale of the company.

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Lexington Realty CEO Says REIT Expects More Sale-Leaseback Deals

T. Wilson Eglin, president and CEO of Lexington Realty Trust (NYSE: LXP), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Lexington owns a diversified portfolio of equity and debt interests in single-tenant commercial properties and land. The company has increased its dividend 70 percent during the past four years. Eglin explained the factors behind that growth.

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Net Lease REIT Agree Realty on Track to Boost Acquisition Volume in 2015

Joey Agree, president and CEO of Agree Realty Corp. (NYSE: ADC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Agree Realty REIT focuses on the development and acquisition of net lease retail properties throughout the United States.

During the six months to June 30, the company acquired 44 net lease properties for about $ 123 million. The properties are leased to 27 retail tenants operating across 17sectors, and are located in 18 states.

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Duke Realty Sees Solid Fundamentals in Industrial, Medical Office Portfolios

Denny Oklak, chairman and CEO of Duke Realty Corp. (NYSE: DRE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

With bulk distribution facilities now making up more than 70 percent of Duke’s portfolio, Oklak provided an overview of industrial market fundamentals.

“The industrial business is really very good at this time,” he said. Oklak noted that Duke’s in-service occupancy rates within its bulk industrial portfolios are at almost 97 percent.

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Physicians Realty Thriving in Fragmented Real Estate Market

John Thomas, CEO of Physicians Realty Trust (NYSE: DOC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Physicians Realty Trust is pursuing an investment-grade rating. Thomas said achieving that status fits with the company’s mentality of building for the long term. Since its founding, company executives have met with the ratings agencies to learn more about the path to obtaining an investment-grade rating, according to Thomas.

John Thomas

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