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Stuart Tanz, president and CEO of Retail Opportunity Investments Corp. (NASDAQ: ROIC), 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.
Tanz said 2016 has been an active year for acquisitions, with approximately $ 300 million of shopping centers purchased through early November.
Stuart Tanz, president and CEO of Retail Opportunity Investments Corp. (NASDAQ: ROIC), 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.
ROIC booked $ 310 million in acquisitions of grocery-based shopping centers during the first nine months of 2015. Tanz noted that the pace in 2015 matched that of the last several years. “Going forward, I think we’ll be able to continue that pace at probably around the same pace or a bit more,” he said.
Stuart Tanz, CEO of Retail Opportunity Investments Corp. (NASDAQ: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Tanz said the fundamentals in Western markets have helped drive the firm’s strong operating results. Additionally, the company is benefiting from its focus on necessity-based retail assets, such as grocery stores and drugstores, according to Tanz.
Stuart Tanz, president and CEO of Retail Opportunity Investment Corp. (NASDAQ: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
ROIC focuses on the ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.
Stuart Tanz, president and CEO of Retail Opportunity Investments Corp. (NYSE: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Tanz was asked about the level of competition in the transactions market and sourcing for potential acquisitions. With capital “readily available,” Tanz said competition for available assets has intensified, but he feels ROIC’s extended history on the West Coast has given the company an advantage.
