At nearly 90 years old, Vornado’s theMART in Chicago is as relevant and culturally significant as ever.
After underperforming in 2019, the lodging and resort REIT sector is on a similar track in the first few weeks of 2020, according to Evercore ISI managing director Rich Hightower.
In the latest edition of the Nareit REIT Report podcast, Hightower said he expects no more than a 1-2% increase in room night demand in 2020. Supply, meanwhile, is increasing at a 2-2 ½% range, and more so in some of the urban markets.
Jay Whitehurst, president and CEO of National Retail Properties, Inc. (NYSE: NNN), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Whitehurst said that National Retail’s portfolio is very healthy, with its long-term occupancy rate at about 98% and the overall portfolio 99% occupied.
Dave Schulte, chairman, president, and CEO of CorEnergy Infrastructure Trust (NYSE: CORR), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Schulte said that the energy sector has had a challenging capital markets environment over the last several years.