Chris Czarnecki, CEO of Broadstone Real Estate, LLC, participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day.
Broadstone is a private REIT that sponsors two investment platforms, Broadtree Residential and Broadstone Net Lease.
Czarnecki discussed Broadstone Residential’s decision to sell its single-family rental portfolio to focus exclusively on multifamily properties.
Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day in Washington, D.C.
Schall discussed fundamentals across the housing sector.
“The national economy is better and that supports our expectation for market rent growth of around 3 percent in 2018,” Schall said. Underlying that estimate is the combination of limited supply and “decent job growth,” he added.
James Taiclet, chairman, president and CEO of American Tower Corp. (NYSE: AMT), participated in a video interview at Nareit’s 2018 CEO Forum & Advocacy Day.
Taiclet gave an overview of fifth generation (5G) wireless systems and American Tower’s role in the adoption of new technology. He explained that while 3G offered mobile users a connection to the internet in a “usable fashion” and 4G added entertainment services, 5G is “going to up the game again.”
Edward Aldag, Jr., chairman, president and CEO of Medical Properties Trust, Inc. (NYSE: MPW), joined Nareit for a video interview at Nareit’s CEO Forum & Advocacy Day in Washington, D.C.
During 2017, acquisitions contributed to 33 percent growth in assets year-over-year for Medical Properties Trust.
REIT returns fell in February as macroeconomic factors continued to dominate investor sentiment.
The total returns of the FTSE Nareit All REITs Index fell 7 percent in February, while the S&P 500 fell 3.7 percent.
Total returns of the FTSE Nareit All Equity REITs Index fell 7.3 percent in February. The total returns of the FTSE Nareit Mortgage REIT Index fell 3.3 percent in the month.
The yield on the 10-year Treasury note rose 0.2 percent in February.
Bill Meaney, president and CEO of Iron Mountain Inc. (NYSE: IRM), joined Nareit for a video interview at Nareit’s 2018 CEO Forum & Advocacy Day in Washington, D.C.
Meaney provided an overview of operations, noting that Iron Mountain’s core hard document storage business continues to grow in virtually every market, both mature and emerging.
At the same time, the company is seeing growth in new areas of operation, including fine art storage and records storage for the federal government.
Matthew Lobach, director of sustainability at Hersha Hospitality Trust (NYSE: HT), joined Nareit for a video interview at Nareit’s 2018 ESG Forum in Seattle.
Lobach discussed EarthView, Hersha’s sustainability and ESG program. He noted that one tenet of the program is quantitative methodology, which is used to measure financial as well as environmental and community impact.
