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John Case, president and CEO of Realty Income Corp. (NYSE: O), 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.
Washington Prime Group Inc. (NYSE: WPG) said Sept. 16 that it intends to buy Glimcher Realty Trust (NYSE: GRT) in a stock and cash transaction valued at approximately $ 4.3 billion.
The new company will be known as WP Glimcher, retaining Washington Prime’s ticker symbol on the NYSE. The company will maintain Glimcher Realty’s headquarters in Columbus, Ohio. Mark Ordan, CEO of Washington Prime, will serve as executive chairman of the combined company. Michael Glimcher, CEO of Glimcher, will serve as its vice chairman and CEO.
Diversified commercial real estate investment company NorthStar Realty Finance Corp. (NYSE: NRF) said Aug. 5 that it plans to acquire Griffin-American Healthcare REIT II, Inc., a public, non-listed REIT (PNLR), in a stock and cash transaction totaling $ 4 billion.
The transaction is expected to close in the fourth quarter. Under the terms of the deal, Griffin-American stockholders will receive $ 7.75 per share in cash and $ 3.75 per share in NorthStar Realty common stock. As part of the deal, NorthStar would assume $ 600 million in debt from Griffin-American.
Bill Owens, chairman and CEO of Owens Realty Mortgage, Inc. (NYSE: ORM), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Owens Realty Mortgage invests in and manages middle-market commercial real estate mortgage loans, primarily in the western U.S., with a focus on unconventional loans that require speed and flexibility.
Joey Agree, president and CEO of Agree Realty Corp. (NYSE: ADC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Agree Realty is celebrating the 20th anniversary of its listing on the New York Stock Exchange in 1994. The anniversary represents more than just an “important corporate milestone,” according to the company’s CEO.
“It demonstrates the core competencies of the people and the core values that we have as an organization,” Agree said.
Ken Bernstein, president and CEO of Acadia Realty Trust (NYSE: AKR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Acadia Realty has closed on five acquisitions in 2014 and has more in its pipeline. Bernstein acknowledged that the marketplace is “competitive.” The company’s niche focus on “dense, high street retail” in the East Coast and Chicago has played to its advantage, according to Bernstein.
Donald Wood, president and CEO of Federal Realty Investment Trust (NYSE: FRT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Federal Realty’s funds from operations (FFO) per share hit an all-time high in the first quarter. Wood was asked about the factors behind those results, and whether he expected them to continue.
Michael Glimcher, chairman and CEO of Glimcher Realty Trust (NYSE: GRT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
This year marks the 20th anniversary of Glimcher Realty trading on the New York Stock Exchange as a public REIT. The company’s CEO discussed the significance of this milestone.
Debra Cafaro, chairman and CEO of health care REIT Ventas, Inc. (NYSE: VTR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
