Tag: Says

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CorEnergy CEO Says REIT Focused on “Essential” Infrastructure Assets

David Schulte, president and CEO of CorEnergy Infrastructure Trust (NYSE: CORR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

CorEnergy primarily owns midstream and downstream energy infrastructure assets that perform utility-like functions, such as pipelines, storage terminals, and transmission and distribution assets. CorEnergy is the first publicly traded infrastructure REIT focused exclusively on energy infrastructure assets.

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SoTHERLY Hotels CEO says REIT’s Group Travel Activity Boosting ADR

Andrew Sims, chairman and CEO of SoTHERLY Hotels Inc. (NASDAQ: SOHO), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

SoTHERLY owns a portfolio of full-service hotels primarily located in the high-growth markets of the Southern United States.

Group travel has been a catalyst for growth at SoTHERLY so far this year. Sims discussed factors behind those gains.

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InvenTrust Properties CEO says REIT Focused on Refining Operations

Thomas McGuinness, president and CEO of InvenTrust Properties Corp., joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

InvenTrust is a public non-listed REIT that focuses on open air retail and student housing real estate. The company became self-managed last year, spun off its lodging platform in February and adopted a new name in April. InvenTrust was formerly known as Inland American Real Estate Trust, Inc.

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Chatham Lodging CEO says REIT Benefitting From Solid Business Demand

Jeffrey Fisher, chairman, president and CEO of Chatham Lodging Trust (NYSE: CLDT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Chatham invests primarily in extended-stay select service and full service hotels in the 25 largest metropolitan markets in the United States.

Fisher discussed Chatham’s pricing power with regard to room rates.

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Portfolio Adviser Says REITs Improve Long-Term Returns

In the latest episode of the NAREIT Podcast, Creede Murphy, vice president and investment analyst with American Assets Capital Advisers, discussed his firm’s research on REITs’ role in optimized investment portfolios.

Murphy said performance data show REITs have “typically” outperformed major asset classes over “just about any [long-term] time period.” REITs do have “slightly higher” volatility than stocks, according to Murphy.

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Fibras Adopting REIT Best Practices, Analyst Says

David de la Rosa, vice president with Green Street Advisors, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

De la Rosa offered some insights into the growing fibra market in Mexico. Fibras, the country’s version of REITs, were introduced in Mexico in 2004. The first fibra listed in Mexico in 2011. The country is now home to nine listed fibras with a total market capitalization of $ 18 billion.

David de la Rosa

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UMH Rental Business Stays Strong, REIT’s CEO Says

Sam Landy, president and CEO of UMH Properties (NYSE: UMH), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Landy said sales of manufactured housing are slow because buyers are struggling to find financing. However, UMH is doing “very well” with its rental business, Landy said.

Occupancy rates in most of UMH’s housing communities should reach “high 90 percent,” according to Landy.

Sam Landy

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Green Street Analyst Says Real Estate Fairly Valued

John Bejjani, analyst and office sector co-head at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Bejjani reflected on the level of real estate valuations in the current market. He explained that valuations have to be looked at from two perspectives: operating income growth and capitalization rates.

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