Washington Prime CEO Stresses Need for “Dynamism” in Retail Sector

Louis Conforti, CEO of retail REIT Washington Prime Group Inc. (NYSE: WPG), 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.

Conforti was named interim CEO of the company in June and appointed to permanent position in October. He said his top goals since taking over have been buttressing the company from an operational standpoint and practicing financial prudence.

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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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REITs Officially Elevated to 11th GICS Headline Sector

Equity REITs and other publicly traded real estate companies were officially elevated to a new Real Estate Sector in the Global Industry Classification Standard (GICS), after the close of trading Sept. 16.

S&P Dow Jones Indices implemented the changes to coincide with their annual rebalance.

Equity REITs and other publicly traded real estate companies were moved out from the Financials Sector and into a standalone 11th sector. Mortgage REITs remain in the Financials Sector.

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Multifamily Sector Offers Most Value to Investors Real Estate Trust, CEO Says

Tim Mihalick, president and CEO of Investors Real Estate Trust (NYSE: IRET), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

The company announced earlier this month that it would exit the health care and industrial markets in order to become a pure-play multifamily REIT based in the Midwest.  In 2015, it disposed of its office and retail assets.

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