Westfield focuses on flagship stores in flagship assets.
Unibail-Rodamco Still Reshaping Retail Portfolio
Jaap Tonckens, chief financial officer of Unibail-Rodamco (Paris: UL.PA), joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Unibail-Rodamco began work in 2009 to reshape its portfolio and focus on large shopping centers located in wealthy and densely populated areas of major European cities. Tonckens said that although the company has exceeded its stated intentions in terms of culling the portfolio, the process is ongoing.
InvenTrust Focusing on Retail and Student Housing Real Estate
With a new name and a pared-down portfolio, InvenTrust Properties Corp. plans to continue to shed assets as it narrows its focus down to its two primary sectors of open air retail and student housing real estate.
InvenTrust announced in April that it was changing its name from Inland American Real Estate Trust, Inc., after becoming self-managed in 2014. The name change also followed the spin-off of its Xenia Hotels & Resorts, Inc. (NYSE: XHR) lodging platform in February.
Retail REIT Brixmor “Raising the Bar” at its Shopping Centers
With new shopping center supply at a standstill and acquisitions aggressively priced, Brixmor Property Group Inc. (NYSE: BRX) sees its best growth prospects within its existing property portfolio.
To tap those prospects, Brixmor introduced its Raising the Bar initiative more than three years ago. The program was formally unveiled to the public in late October 2014..
Retail REIT Kimco Realty Incorporating Green Provisions Into Leases
Will Teichman, director of sustainability with retail REIT Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
Kimco issues a corporate sustainability report based on Global Reporting Initiative (GRI) guidelines. Teichman explained the rationale behind using GRI.
Retail Properties of America CEO Expects Increased Retail Strength in 2015
Steven Grimes, president and CEO of Retail Properties of America, Inc. (NYSE: RPAI), 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.
Retail Properties of America is one of the largest owners and operators of shopping centers in the country. The firm owns a diversified mix of assets that includes power centers, community centers and lifestyle centers.
Retail Development Driving Earnings Growth, Regency Centers CEO Says
Martin “Hap” Stein, chairman and CEO of Regency Centers Corp. (NYSE: REG), 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.
GGP CEO Talks Streamlined, Reinvigorated Retail REIT
REITWorld 2014: Demand Outpacing Supply Augurs Well for Retail REITs
A lack of new supply and a concerted effort by retailers to develop omnichannel shopping strategies bode well for the future of retail REITs, according to a panel at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT.
Ross Smotrich, managing director at Barclays, moderated the panel and noted that new development in the retail sector “may be at a generational low.”
REITWorld 2014 Panelists See More Growth in Retail, Office and Hotel Sectors
CEO panelists at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT said they expect growth to continue in the mall, office and hospitality sectors against a backdrop of changing consumer and tenant preferences.
NAREIT 2015 Chair David Neithercut, the president and CEO of Equity Residential (NYSE: EQR), introduced the panel of REIT executives by observing that “our industry has a very strong story to tell.”