Incoming Extra Space CEO Says REIT’s Growth Slowing to Sustainable Level

Joe Margolis, chief investment officer, executive vice president and incoming CEO of Extra Space Storage Inc. (NYSE: EXR), joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Margolis joined Extra Space in 2015 and will succeed Spencer Kirk as CEO of the company at the beginning of 2017.

Margolis commented on the transition process, joking that he and Kirk have been “joined at the hip for about 18 months now.”

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Liberty Property Trust CEO Says REIT Looking Forward to 2017

Bill Hankowsky, chairman and CEO of Liberty Property Trust (NYSE: LPT), 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.

Liberty sold $ 1.3 billion of non-core real estate in 2016. The disposition allowed Liberty to complete its portfolio repositioning and become a national industrial REIT, Hankowsky said.

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Triple-Net Lease Sector Starting Growth Phase, Spirit Realty CEO Says

Thomas Nolan, chairman and CEO of triple-net lease REIT Spirit Realty Capital (NYSE: SRC), 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.

Nolan said Spirit has now achieved its goal of becoming an investment-grade company. Access to the unsecured debt market allows Spirit to run its balance sheet and the entire company more efficiently, he added.

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Physicians Realty Offering “New Level of Service” in Medical Office, CEO Says

John Thomas, president and CEO of health care REIT Physicians Realty Trust (NYSE: DOC), 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.

Physicians Realty was an active acquirer of properties in 2016. During the year, the company closed on a $ 700 million deal that Thomas described as “the largest transaction ever in the medical office space.”

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Broadstone CEO Says Rising Rates Causing Little Concern

Amy Tait, chairman and CEO of private REIT Broadstone Real Estate, 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.

Tait described overall investor interest in private REITs as “terrific.” She said Broadstone is raising equity every month on a regular basis at levels that are on par with the best the company has ever seen.

“I don’t expect that to change,” she commented.

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Health Care Real Estate Attracting Foreign Capital, Analyst Says

Michael Knott, managing director at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

After a quiet year for the health care sector for most of 2016, an “explosion of deals” worth in excess of $ 5 billion has occurred recently, Knott observed. The trend underscores the significant amount of capital available for the sector, especially foreign capital, he noted.

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QTS CEO Says Data Security a “Never-Ending Battle” for Data Center REITs

Chad Williams, chairman and CEO of data center REIT QTS Realty Trust, Inc. (NYSE:QTS), 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.

When it comes to preventing cyberattacks, Williams said QTS differentiates itself from other providers through its fully integrated services platform “that contemplates the risk around cybersecurity and compliance for our customers.”

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Agree CEO Says Interest Rates a Major Variable in 2017

Joey Agree, president and CEO of Agree Realty Corp. (NYSE: ADC), 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.

Agree Realty focuses on the acquisition and development of properties that are net leased to retail tenants. The company currently owns and operates a portfolio of 341 properties, located in 43 states. The company seeks external growth by acquiring assets, developing properties and joint ventures.

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