Industrial REITs Selective About Development, Green Street Analyst Says

Eric Frankel, analyst at Green Street Advisors, 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.

Frankel noted that the two primary components of industrial warehouse demand – trade and consumption – have held steady during the last several years. However, the method in which goods are consumed has changed, largely due to e-commerce.

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Green Street Analyst Says Transportation Changes Will Impact Most Real Estate Sectors

Dave Bragg, managing director at Green Street Advisors, 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.

Bragg discussed some of the key disruptive forces that are affecting the future of the real estate industry.  An important one is the revolution in transportation caused by the combination of ride hailing and driverless cars.

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U.S. REITs a Reference Point for International Best Practices, Green Street Consultant Says

David De La Rosa, senior vice president of advisory consulting at Green Street Advisors, 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.

De La Rosa discussed best practices for international real estate companies. He noted that best-in-class real estate companies in the United States share a number of characteristics: high-quality portfolios, specialized investment strategies, good capital allocation, strong balance sheets and limited development pipelines.

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Hotel REITs Undermined by Weak Business Travel, Green Street Analyst Says

Lukas Hartwich, senior analyst at Green Street Advisors, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Hartwich discussed the factors contributing to lagging fundamentals in the lodging sector. The most prominent one, he said, is weakness in business travel and spending. Hartwich pointed out that business travel accounts for about 75 percent of demand for lodging REITs.

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A Closer Look at Externally Advised REITs from Green Street Advisors

Phil Owens, senior vice president for advisory and consulting at Green Street Advisors, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Owens commented on the newer breeds of externally advised REITs that have emerged recently.

Today, the externally advised REITs impose a single fee and operate with an alignment of interest between the external advisor and the REIT shareholders, he explained.

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Malls, Apartment, Office REITs Candidates for M&A, Green Street Consultant Says

Dirk Aulabaugh, managing director with the Green Street Advisors Advisory & Consulting Group, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Green Street’s Advisory & Consulting Group advises private real estate companies, publicly traded and non-listed REITs, C-corps, real estate operating companies, hedge funds, pension funds, family offices, and other real estate market participants.

Dirk Aulabaugh

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Green Street Projects Real Estate Pricing Adjustment in 2016

Andy McCulloch, managing director and head of real estate analytics at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

McCulloch discussed the major findings of a recent Green Street report on the real estate cycle. The report concludes that the current commercial real estate cycle is nearing the end of its lifespan, although McCulloch conceded that the cycle could be extended. Valuations have become “fairly expensive,” according to McCulloch.

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Green Street Analyst Says Real Estate Fairly Valued

John Bejjani, analyst and office sector co-head at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Bejjani reflected on the level of real estate valuations in the current market. He explained that valuations have to be looked at from two perspectives: operating income growth and capitalization rates.

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Green Street Analyst Says Value of Real Estate Key to REIT Valuations

Lukas Hartwich, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

Hartwich outlined the various factors Green Street considers when determining the valuation of a company.

“Growth is definitely a consideration,” he said. “But, first and foremost, what we look at is the value of the underlying real estate.”

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