Tag: sees

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Iron Mountain CEO Sees Opportunities to Further Tap Domestic Storage Market

Bill Meaney, president and CEO of Iron Mountain (NYSE: IRM), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Iron Mountain, which is included in the S&P 500 Index, is a storage and information management company. The company converted to a REIT earlier this year. Meaney noted that Iron Mountain elected to become a REIT because it best suited the company’s capital allocation model and allowed it to effectively double its dividend.

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JP Morgan Analyst Sees Adjustment Period for REITs When Rates Rise

Mark Streeter, managing director at JP Morgan Chase, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Streeter said he is keeping an eye on interest rates heading into 2015 when they are projected to rise. He pointed out that announcements of shifts in monetary policy have created volatility in the REIT market, most recently in 2013 when the Federal Reserve announced its plans for tapering.

Mark Streeter

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APREA Chief Sees Convergence in International REIT Rules

Peter Verwer, chief executive of the Asia-Pacific Real Estate Association (APREA), joined REIT.com at NAREIT headquarters in Washington for a video interview.

Verwer took over as head of APREA this year from former chief executive Peter Mitchell. Verwer discussed some of his priorities for the organization. He described the current environment in the Asia-Pacific market as “one of the greatest opportunities for real estate wealth creation that we’ve ever seen.” As such, he said his chief objective is to expand opportunities for real estate investment in Asia.

Peter Verwer

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CBRE CEO Likes What He Sees in Mall REITs

T. Ritson Ferguson, CEO and CIO of CBRE Clarion Securities, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Ferguson noted that, across the board, REITs are performing well in 2014. He singled out the mall sector as the biggest surprise.

“The mall sector, especially the A-quality malls, is very strong,” Ferguson said. “We like those companies—their ability to generate cash flow growth is quite strong.”

T. Ritson Ferguson

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BMO Banker Sees Widespread Activity in REIT Capital Markets

Mark Decker Jr., group head of U.S. real estate, lodging and leisure at BMO Capital Markets, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Decker was asked  which REIT sectors seem to be most active in the capital markets at this time.

“With the index up close to 15 percent right now, everybody is active and looking. It feels like [the office sector] has got some more wind in its sails. I think retail has some good wind in its sails,” he replied.

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Bluerock CEO Sees Strong Growth Prospects in Multifamily Rental Market

Bluerock Real Estate LLC Chairman and CEO Ramin Kamfar joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

The firm’s Total Income + Real Estate fund pursues a mix of 80 percent private real estate and 20 percent public real estate investments. Meanwhile, Bluerock Residential Growth REIT, Inc. (NYSE: BRG), which completed a public offering in April, is focused on institutional-quality apartment properties in demographically attractive growth markets throughout the United States.

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Green Street Analyst Sees Solid Fundamentals in Industrial REIT Sector

Eric Frankel, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Frankel discussed developments in the industrial REIT sector during the first half of the year. Industrial fundamentals have been good for the past few years, said Frankel, noting that the recovery in the industrial sector started relatively slowly when the economy first began to improve about four years ago.

“It’s been pretty smooth sailing,” he observed.

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