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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.
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.
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