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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DCT Industrial CEO Says Demand for Space Still Strong

Phil Hawkins, CEO of DCT Industrial Trust, Inc. (NYSE: DCT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

DCT focuses on bulk distribution and light industrial properties located in high-volume distribution markets in the United States.

Hawkins discussed the trends he sees in industrial real estate regarding supply and demand.

“I feel excellent. I’m very bullish on our business,” he said.

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Extra Space CEO Highlights Benefits of Acquisition

Spencer Kirk, CEO of Extra Space Storage, Inc. (NYSE: EXR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

In October, Extra Space completed a $ 1.3 billion acquisition of SmartStop Self Storage, Inc., a public non-listed REIT. Extra Space acquired 122 stores and assumed the property management of 43 stores previously managed by SmartStop.

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American Campus Communities CEO Sees Growing Demand for Study Space

Bill Bayless, president and CEO of American Campus Communities, Inc. (NYSE: ACC), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

In August, American Campus celebrated its 100th student housing development with the construction of U Club Sunnyside, an off-campus community serving students attending West Virginia University (WVU). Bayless said the event had special significance for him because he graduated from WVU.

Bill Bayless

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