Tag: REIT

Posted on

Skilled Nursing REIT Care Capital Hitting Targets, CEO Says

Raymond Lewis, CEO of Care Capital Properties (NYSE: CCP), 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.

Care Capital invests with local and regional operators of skilled nursing facilities across the United States. The company spun off from Ventas, Inc. (NYSE: VTR) in 2015.

Fifteen months on from the spinoff, Lewis said the company is “exactly where we hoped we would be at this point.”

News

Posted on

Retail REIT Sell-Off Overdone, Mizuho Analyst Says

Haendel St. Juste, managing director at Mizuho Securities US, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

St. Juste commented on the volatility in the REIT market in the second half of the year. REIT stock prices have dropped about 20 percent since August.

“Fundamentals are slowing,” St. Juste said, although they are “still good by historical standards.”

News

Posted on

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

Posted on

REIT Development Risk “Under Control,” According to Fitch Analyst

Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Marks stated that development risk across most of the REIT industry is “pretty well boxed and under control.” According to Marks, development risk in terms of the cost to complete projects relative to gross asset values has declined in recent years.

News

Posted on

Liberty Property Trust CEO Says REIT Looking Forward to 2017

Bill Hankowsky, chairman and CEO of Liberty Property Trust (NYSE: LPT), 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.

Liberty sold $ 1.3 billion of non-core real estate in 2016. The disposition allowed Liberty to complete its portfolio repositioning and become a national industrial REIT, Hankowsky said.

News

Posted on

Student Housing REIT EdR Finds External Growth Opportunities

Randy Churchey, president and CEO of student housing REIT EdR (NYSE: EDR), 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.

Churchey said external growth through on-campus development is “our most exciting opportunity.” Demand is coming from universities that are running low on funds and have aging housing stock that needs to be upgraded to recruit new students, he explained.

News

Posted on

MAA CEO Says Fundamentals Holding Up for Multifamily REIT

Eric Bolton, chairman and CEO of MAA (NYSE: MAA), 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.

MAA is an Equity REIT that acquires, develops, redevelops and manages of multifamily homes throughout the Southeast and Southwest regions of the United States.

Eric Bolton

News

Proudly powered by WordPress