REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Stuart Tanz, president and CEO of Retail Opportunity Investment Corp. (NASDAQ: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
ROIC focuses on the ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.
With new shopping center supply at a standstill and acquisitions aggressively priced, Brixmor Property Group Inc. (NYSE: BRX) sees its best growth prospects within its existing property portfolio.
To tap those prospects, Brixmor introduced its Raising the Bar initiative more than three years ago. The program was formally unveiled to the public in late October 2014..
Bruce Schanzer, president and CEO of retail REIT Cedar Realty Trust (NYSE: CDR), previewed the holiday shopping season on the latest edition of the NAREIT Podcast.
Schanzer said his company is forecasting a “modest” year-over-year increase in holiday spending of approximately 3 percent. He added that Cedar Realty expects consumers to remain price-sensitive this year.
Jon Wheeler, chairman and CEO of Wheeler Real Estate Investment Trust (NASDAQ: WHLRP), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Jeff Edison, chairman and CEO of Phillips Edison-ARC Shopping Center REIT, a public, non-listed REIT (PNLR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
With more than 100 properties in its portfolio, Edison was asked to comment on the company’s strategy going forward. Edison responded that the focus is on looking at some of the “strategic alternatives” for Phillips Edison-ARC Shopping Center REIT and raising funds for a second PNLR.
DDR Corp. (NYSE: DDR) and an affiliate of Blackstone Real Estate Partners VII said June 12 they have formed a third joint venture that will acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc. (NASDAQ: ARCP) for approximately $ 2 billion.
Vornado Realty Trust (NYSE: VNO) said April 11 that it plans to simplify its business model by spinning off 81 strip shopping centers and four malls into a new stock exchange-listed REIT currently known as “SpinCo.”
“We seek a very clean exit from the retail business… it’s all very, very logical… we are in the business of focusing,” said Steven Roth, chairman and CEO of Vornado, during an April 14 conference call.
Phillips Edison-ARC Shopping Center REIT Inc., a public, non-listed REIT focused on grocery-anchored neighborhood shopping centers, plans to vigorously pursue acquisitions throughout 2014 in order to enhance tenant and geographic diversity.
“We’ve got a very robust pipeline. We continue to have a strong capital flow, so we anticipate being active buyers throughout the year,” said Jeff Edison, Phillips Edison-ARC’s CEO, in an interview with REIT.com.