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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Fund Manager Says Global Markets Seeking New Equilibrium

Sherry Rexroad, chief investment officer at BlackRock Global Real Estate Securities, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Rexroad commented on the level of investor appetite for risk, given the deceleration of growth in China.

“The global markets are really trying to come to a new equilibrium, one that’s not as dependent on the Federal Reserve or supercharged growth out of China,” Rexroad said.

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DCT Industrial CEO Says Demand for Space Still Strong

Phil Hawkins, CEO of DCT Industrial Trust, Inc. (NYSE: DCT), 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.

DCT focuses on bulk distribution and light industrial properties located in high-volume distribution markets in the United States.

Hawkins discussed the trends he sees in industrial real estate regarding supply and demand.

“I feel excellent. I’m very bullish on our business,” he said.

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QTS Realty Trust CEO Says Carpathia Integration Proceeding Smoothly

Chad Williams, president and CEO of QTS Realty Trust, Inc. (NYSE:QTS) 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.

Earlier this year, QTS acquired Carpathia Hosting, a Virginia-based colocation, cloud and managed services provider for $ 326 million.

Williams said the integration of Carpathia is proceeding well.

QTS’s lead executive on the integration is Peter Weber, chief product officer, Williams explained.

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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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Menna Says More REIT Privatizations Likely

Gilbert Menna, partner and chair of Goodwin Procter’s real estate capital markets group and co-chair of its REITs practice, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Menna discussed the pace of REIT privatizations. He noted that while the current rate does not match that seen in the period from 2005 to 2007, it has been supported by a steady flow of private capital.

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National Storage CEO Says REIT Growing Faster Than Expected

Arlen Nordhagen, co-founder, president and CEO of National Storage Affiliates (NYSE: NSA), 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.

NSA, which went public in April, currently owns 277 self-storage facilities located in 16 states with approximately 15.8 million rentable square feet of space. Nordhagen discussed operational growth trends.

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Taubman Says Quality of REIT’s Assets Key to Growth

Bobby Taubman, chairman, president and CEO of Taubman Centers, Inc. (NYSE: TCO), 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.

The REIT owns, manages and leases regional, super-regional and outlet shopping centers in the United States and Asia. Taubman explained that a major factor behind the company’s continued growth in key operating metrics is the quality of its assets.

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Fidelity Portfolio Manager says REIT NAV Discount Generating Activity

Steve Buller, portfolio manager at Fidelity Investments, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Buller said 2015 has lived up to his initial expectations of being a year with a high level of transaction activity within the REIT industry.  A major reason behind that has been the fact that REITs have been trading at a discount to net asset value (NAV) throughout the year.

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