In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Jack Rosenberg, national director of logistics and transportation with Colliers, discussed some of the latest trends and developments in industrial real estate.
TIER REIT Says Fundamentals “Very Strong” in Core Markets
Scott Fordham, president and CEO of TIER REIT (NYSE: TIER), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Dallas-based TIER REIT operates a portfolio of office properties in select markets that lead the nation in both population and office-using employment growth.
Fordham said fundamentals remain “very strong” in TIER REIT’s core markets of Austin, Texas; Dallas; Atlanta; Nashville, Tennessee; Charlotte, North Carolina; and Denver.
Canadian Real Estate Fundamentals “Pretty Strong,” REALpac CFO says
Nancy Anderson, CFO and vice president of the Real Property Association of Canada (REALpac), joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
REALpac represents Canada’s owners and managers of investment real estate. Anderson offered an overview of the health of Canada’s real estate investment market. Overall, real estate fundamentals are “pretty strong” in most regions, Anderson said.
Professor Finds Strong Effects of Leverage on REIT Values
Tim Riddiough, a professor in the Department of Real Estate and Urban Land Economics at the Wisconsin School of Business at the University of Wisconsin Madison, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Riddiough discussed his recent research on the relationship between REITs and their capital structures. He explained that the motivation for the study came from the insufficient appreciation given to the value of REITs’ financial management.
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.
COPT CEO Sees Strong Fundamentals in Core Office Markets
Roger Waesche, Jr., president and CEO of Corporate Office Properties Trust (NYSE: OFC), 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.
COPT primarily focuses on U.S. government tenants in the defense and information technology sectors. Waesche commented that pricing remains very strong for office product in the firm’s core markets as a result of solid fundamentals and strength in the capital markets.
Apple Hospitality REIT CEO Sees Strong Fundamentals in Second Half
Justin Knight, president and CEO of Apple Hospitality REIT, Inc. (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Apple Hospitality listed on the NYSE in May. Knight said the feedback from investors in the wake of the move has been “very positive.”
Apple Hospitality REIT CEO Projects Strong Fundamentals in Second Half
Justin Knight, president and CEO of Apple Hospitality REIT, Inc. (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Apple Hospitality listed on the NYSE in May. Knight said the feedback from investors in the wake of the move has been “very positive.”
UMH Rental Business Stays Strong, REIT’s CEO Says
Sam Landy, president and CEO of UMH Properties (NYSE: UMH), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Landy said sales of manufactured housing are slow because buyers are struggling to find financing. However, UMH is doing “very well” with its rental business, Landy said.
Occupancy rates in most of UMH’s housing communities should reach “high 90 percent,” according to Landy.
Essex CEO: Apartment Market Momentum Still Going Strong
Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
According to Schall, the momentum that the apartment industry enjoyed in 2014 carried over into the first half of 2015. In the first quarter, Essex had same property net income growth of 10 percent from the year-earlier period, which Schall credited to the job market on the West Coast.
