New York REIT President Reflects on Strong Market Response to Public Listing

Michael Happel, president of New York REIT, Inc. (NYSE: NYRT), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

New York REIT started as a public, non-listed REIT (PNLR) before listing on the NYSE in April. Happel was asked about market reaction to the listing.

“The market response has been fantastic,” he said. He explained that the listing had two main purposes – to provide liquidity to existing shareholders as well as to provide the company with long-term access to public market debt and equity.

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Quick Study: April a Strong Month for REITs

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, offered an analysis of how the REIT market performed in April and what has driven REIT performance so far in 2014.

Quick Study with Brad Case

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Sternlicht Sees Strong Potential in Single-Family Housing Business

Starwood Capital Group Chairman and CEO Barry Sternlicht is expressing confidence that the single-family rental housing sector has the potential to become a major REIT asset class, but he acknowledges that investors remain skeptical.

Sternlicht, chairman of single-family home REIT Starwood Waypoint Residential Trust (NYSE: SWAY), spoke on April 23 at the Real Estate Luminaries Series at Georgetown University. He discussed the company’s foray into a new segment of the REIT market.

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Deloitte Analyst Sees Strong Interest in Non-traditional REITs

Bob O’Brien, partner and U.S. and global real estate services leader at Deloitte & Touche, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

O’Brien was asked to comment on the changing nature of real estate as witnessed within the REIT industry. O’Brien noted that a whole series of alternative or non-traditional REITs have come to the market over the past few years in segments including timber, cell towers and data centers.

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