Hotel REIT Fundamentals Driving Earnings Growth, Says Hersha Executive

Neil Shah, president and COO of Hersha Hospitality Trust (NYSE: HT), joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Shah said fundamentals within the hotel REIT’s core markets are especially solid.

“We have very strong demand fundamentals and very little supply. We feel that it’s one of the best times to be a hotel owner,” he said.

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REIT Filling Gap in Lending for Self-Storage Development

John Good, president and COO of Jernigan Capital (NYSE: JCAP), joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Jernigan Capital is a newly formed REIT that lends directly to self-storage owners and developers. Good explained that the company is filing a void left by the banks in the wake of the financial crisis. Due to increased regulation, banks are finding it harder to make loans on development properties, he said.

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Shopping Center REIT Weingarten Focusing on Dense Urban Markets

Drew Alexander, president and CEO of Weingarten Realty (NYSE:WRI), 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.

Alexander elaborated on the meaning behind the title of a recent investor presentation, Goodbye Kansas, Hello Hollywood.

“We think it’s an excellent tag line; it’s memorable and also accurate,” Alexander said.

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REIT Insurance Experts Discuss Changes to NAREIT Program

Melissa Lishner, director at Crystal & Company, and Jeff Zaffino, underwriting manager at Arch Insurance Company, joined REIT.com for a video interview to discuss the latest coverage changes incorporated into NAREIT’s Directors and Officers (D&O) Liability Insurance Program.

Crystal is the program administrator for the program, which is underwritten by Arch.

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Inland Executive Says Multifamily Demand Bolstering Latest REIT

JoAnn McGuinness, executive vice president of Inland Real Estate Investment Corp., a sponsor of non-listed REITs and private partnerships, has worked with each of the seven REITs sponsored by Inland during her 23-year tenure with the company.

As the company embarks on its newest REIT, Inland Residential Properties Trust, Inc., McGuinness spoke to REIT.com about the dynamics of the multifamily market, trends in the retail segment and Inland’s unique approach to nurturing its female employees.

 

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Analyst Explains “Healthy Skepticism” Toward REIT Development

Jed Reagan, senior analyst at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Reagan gave an overview of how Green Street sees development in the REIT industry.

“Green Street has a healthy skepticism about the development business. It’s a business that when it works, it can work in a big way, but there are definitely risks that come along with development that can be underappreciated sometimes,” Reagan said.

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Professor Finds Strong Effects of Leverage on REIT Values

Tim Riddiough, a professor in the Department of Real Estate and Urban Land Economics at the Wisconsin School of Business at the University of Wisconsin Madison, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Riddiough discussed his recent research on the relationship between REITs and their capital structures. He explained that the motivation for the study came from the insufficient appreciation given to the value of REITs’ financial management.

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Moody’s Analyst Says REIT Credit Profiles Stable

Merrie Frankel, vice president and senior credit officer at Moody’s Investors Service, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Frankel discussed the outlook for REITs raising capital through unsecured debt. She noted that as of mid-November, REITs had issued $ 28 billion of unsecured debt, compared with about $ 31 billion for all of 2014.

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