A number of REIT CEOs discussed the importance of mentorship, both on a personal and professional level, during a series of video interviews held at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Health Care REIT NHI Finding Value in Midwest
Eric Mendelsohn, president and CEO of National Health Investors (NYSE: NHI), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
NHI’s portfolio includes independent, assisted and memory care communities, skilled nursing facilities, medical office buildings and specialty hospitals.
Mendelsohn described the senior housing cycle as “bifurcated.” Investors appear to be avoiding skilled nursing, he said, so cap rates are rising quickly in response.
Empire State Realty Highlights Value Component of Portfolio
John Kessler, president and COO of Empire State Realty Trust (NYSE: ESRT), joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Empire State owns and operates office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building.
Hotel REIT SoTHERLY Looking Inward to Create Value
Drew Sims, chairman and CEO of SoTHERLY Hotels Inc. (NASDAQ: SOHO), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
SoTHERLY focuses on the acquisition, renovation and repositioning of upscale full-service hotels in the southern United States. Most of the company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group, and Starwood Hotels and Resorts brands.
Multifamily Sector Offers Most Value to Investors Real Estate Trust, CEO Says
Tim Mihalick, president and CEO of Investors Real Estate Trust (NYSE: IRET), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
The company announced earlier this month that it would exit the health care and industrial markets in order to become a pure-play multifamily REIT based in the Midwest. In 2015, it disposed of its office and retail assets.
Sustainability Adds Value to Real Estate Assets, Liberty Executive Says
Billy Grayson, director of sustainability at Liberty Property Trust (NYSE: LPT), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.
Liberty owns office and industrial space throughout the United States and the United Kingdom.
FelCor Lodging Looking to Create Value from Sales
Richard Smith, president and CEO of FelCor Lodging Trust, Inc. (NYSE: FCH), 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.
In September, FelCor sold the final hotel in its disposition program. Since that time, the company has said it would make opportunistic asset sales. Smith explained the strategy.
“It’s really to create capacity as we move through the cycle and open up the use of proceeds for things that will be higher yielding,” he said.
Rouse CEO Says REIT Generating Value from Renovations
Andrew Silberfein, president and CEO of Rouse Properties (NYSE: RSE), 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.
Retail REIT Seritage Unlocking Value in Portfolio
Benjamin Schall, CEO of Seritage Growth Properties (NYSE: SRG), 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.
Seritage is the real estate spinoff of Sears Holding Corp. It began trading as a public company in July.
Audit Specialist Views Fair Value Accounting as Major Change in Financial Reporting
Greg Ross, audit partner at Grant Thornton LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
According to Ross, one of the biggest changes in financial reporting that he has witnessed is the change related to fair value accounting.
“Investors want it, so there are a lot more items on the balance sheet today with fair value implications,” Ross said.