Home Archives for July 2019 Page 2

Month: July 2019

Bluerock Residential Growth REIT Sees Rental Trend Rising

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Ramin Kamfar, chairman and CEO of Bluerock Residential Growth REIT, Inc. (NYSE: BRG), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

Kamfar said he sees two trends that are leading to a higher propensity to rent within the residential REIT sector: a shift from an industrial economy to a knowledge economy; and the housing preferences of younger generations and transitioning needs of baby boomers (from houses to multifamily units).

Green Street Advisors Sees Bright Future for PropTech

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Andy McCulloch, managing director of real estate analytics at Green Street Advisors, joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

McCulloch said it’s easy to acquire data today, but it’s difficult to manage and digest it all, and that Green Street has been “forced to go much more granular in the analysis of the underlying real estate.”

“Green Street grades and scores the dirt under every single REIT-owned asset, and that takes a unique skillset,” he said.

Kite Realty Group Trust’s Anchor Business Flourishing

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John Kite, chairman and CEO of Kite Realty Group Trust (NYSE: KRG), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

Kite said that the REIT advised its shareholders that it would sell at least $350 million in 2019, and as of early June 2019, it had sold $180 million with another $140 million under contract. He said it’s part of a strategic plan to strengthen Kite Realty Group’s balance sheet and the quality of its assets.