China REITs Alliance Working to Expand Industry Knowledge

Fred Wang, secretary general of the China REITs Alliance, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

The China REITs Alliance was launched in Beijing in December 2014 and is backed by a memorandum of understanding with NAREIT, the Asia-Pacific Real Estate Association (APREA) and the European Public Real Estate Association (EPRA).

Wang noted that the alliance includes financial institutions, developers, lawyers and brokerage firms. It aims to establish a functioning REIT industry in China.

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REITs Rewarded for Capital Structure Preparations

Andrey Pavlov, professor of finance at Simon Fraser University, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Pavlov presented a paper at the 2015 NAREIT/AREAUEA Real Estate Research Conference on REIT capital structures. Pavlov said his research underscored that investors rewarded those REITs that had prepared their capital structures for tough times in advance of the financial crisis.

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Academic Sees Pricing Efficiency in REITs, REIT Indexes

Bob Connolly, finance professor at the University of North Carolina at Chapel Hill, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Connolly presented research at the NAREIT/ American Real Estate and Urban Economics Association (AREUEA) Real Estate Research Conference, which was held the day before the start of REITWeek.

Connolly addressed the question of whether investors in REIT index products can assume efficient market pricing.

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REITs and Elements of Risk

Walter Boudry, assistant professor at Cornell University, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Boudry presented a paper at the 2015 NAREIT/AREAUEA Real Estate Research Conference on the diversification benefits of REITs. Risk-tolerant investors tend to benefit more from the diversification properties of REIT common stocks, which enable them to put together portfolios with higher returns. On the other hand, REIT preferred stocks are more appropriate for risk-averse investors, according to Boudry.

Walter Boudry

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Morgan Stanley Analyst says REIT Investors Warming to Single-Family REITs

Haendel St. Juste, executive director at Morgan Stanley, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

St. Juste discussed the trends he is seeing among institutional REIT investors active in the single-family rental market. While the sector is still largely dominated by hedge funds, “REIT investors are slowly warming up to it,” St. Juste said.

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Net Lease REITs Upbeat About Expansion Opportunities

Net lease REITs see continued opportunities to expand their operations going forward in both foreign and domestic markets, according to executives speaking at REITWeek 2015: NAREIT’s Investor Forum.

Christopher Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), said he expects acquisition volumes to be higher in the net lease sector in 2016. STORE Capital invested $ 1.1 billion in 2014.

“The (net lease) space itself is embryonic,” he said.

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Tower REITs Poised for Growth in Domestic, Foreign Markets

Cell tower REITs expect continued demand for wireless capability to fuel growth prospects in the United States and select foreign markets for many years to come, according to executives presenting at REITWEEK 2015: NAREIT’s Investor Forum.

Crown Castle International Corp. (NYSE: CCI) President and CEO Benjamin Moreland pointed to a 60 percent growth rate in data demand in 2014. At the same time, he noted that information technology firm Cisco anticipates a seven-fold increase in data demand by 2019.

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Brixmor Working to Perfect REIT’s Tenant Mix

Michael Carroll, CEO of Brixmor Property Group (NYSE: BRX), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Carroll discussed Brixmor’s efforts to “perfect [its] merchandising mix” of tenants.

“We’ve been focused on trying to bring in best-in-class anchors to drive more sales and traffic,” Carroll said. “That leads to better follow-on shop leasing, to more appealing tenants and stronger rates.”

Michael Carroll

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