Morgan Stanley Banker Says Timing Not Right for REIT IPOs

Jackson Hsieh, vice chairman at Morgan Stanley, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

In the March/April edition of REIT magazine, Hsieh said that while the market for traditional IPOs is still open, the bar is “very high.”  In the subsequent months the bar for REIT IPOs has only got higher, he noted.

With REIT indexes basically flat, investors aren’t making money on existing floated companies, Hsieh said.

Jackson Hsieh

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Morgan Stanley Analyst says REIT Investors Warming to Single-Family REITs

Haendel St. Juste, executive director at Morgan Stanley, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

St. Juste discussed the trends he is seeing among institutional REIT investors active in the single-family rental market. While the sector is still largely dominated by hedge funds, “REIT investors are slowly warming up to it,” St. Juste said.

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Morgan Stanley Banker Says Property Values “Healthy”

Seth Weintrob, managing director at Morgan Stanley, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Weintrob commented on the current level of property valuations and the implications for deal-making.

“Property values are definitely healthy. The values of all assets these days are healthy, and in some sense, when you look at U.S. real estate, there’s a little bit of a Goldilocks environment from an investor standpoint,” Weintrob said.

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Morgan Stanley Investment Manager Says Global Property Stocks Equate to Core Real Estate

Ted Bigman, managing director at Morgan Stanley, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Bigman discussed the approach investors should take when considering global property stocks as a portion of multi-asset portfolios.

“First and foremost, they should look at them as real estate… Their returns over the medium- and long-term should track real estate,” Bigman said. Within the real estate sector, investors should view global property stocks as core real estate, he added.

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