Philip Owens, managing director at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.
Owens discussed some of the unique opportunities and challenges faced by smaller REITs.
“Smaller REITs tend to get ignored more than they should,” according to Owens.
The tax bill signed into law last month by President Donald J. Trump, the Tax Cuts and Jobs Act (TCJA), includes a number of provisions related to REIT and real estate investment.
Ryan Burke, an analyst at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.
Burke discussed the performance of the self-storage sector and its long-term outlook.
“Despite near-term pressures, we continue to think the long-term outlook is pretty good,” Burke said. However, he added that he expects some softening of the “very easy and supportive operating environment” that self-storage REITs have experienced in the past several years.
Julian Whitehurst, president and CEO of National Retail Properties, Inc. (NYSE: NNN), joined Nareit for a video interview at REITworld 2017.
National Retail owns single-tenant, broadly diversified retail properties across the United States.
Whitehurst commented on National Retail’s acquisition strategy. He noted that the company’s primary focus is on developing direct, off-market business relationships with growing regional and national retailers.
Justin Knight, president and CEO of Apple Hospitality REIT, Inc. (NYSE: APLE), joined Nareit for a video interview at REITworld 2017.
Apple Hospitality’s portfolio encompasses the Hilton and Marriott families of brands, with locations in urban, high‐end suburban and developing markets throughout 34 states.
Sherry Rexroad, chief investment officer for the Americas at BlackRock Global Real Estate Securities, joined Nareit for a video interview at REITworld 2017.
Rexroad commented on investment conditions around the globe.
In the United Kingdom, uncertainty surrounding Brexit remains and is impacting fundamentals and valuations, according to Rexroad. As for Northern Europe, growth has been accelerating on the back of particularly good demand and limited supply, she said.
Ed Pitoniak, CEO of VICI Properties Inc. (OTC: VICI), joined Nareit for a video interview at REITworld 2017.
VICI Properties, which was formed in the second half of 2017, owns a portfolio of gaming, hospitality and entertainment destinations that are operated by Caesars Entertainment Corp., including Caesars Palace in Las Vegas.
While the portfolio consists of gaming properties, the company sees the assets fundamentally as leisure and hospitality properties, Pitoniak explained.
Michael Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), joined Nareit for a video interview at REITworld 2017.
Monmouth specializes in single-tenant, net-leased industrial properties. The company’s portfolio consists of 108 properties located in 30 states.
Louis Conforti, CEO and director of retail REIT Washington Prime Group Inc. (NYSE: WPG), joined Nareit for a video interview at REITworld 2017.
Washington Prime was formed in 2014 following a spin-off from Simon Property Group (NYSE: SPG). The company acquired Glimcher Realty Trust in 2015.
Arthur Hurley, senior equity portfolio manager at Columbia Threadneedle Investments, joined Nareit for a video interview at REITworld 2017.
Hurley commented on the creation of a headline Real Estate Sector under the Global Industry Classification Standard (GICS) for REITs and other listed real estate companies. He noted that the move has generated a lot more attention for the group from a broader investor base. REIT CEOs, CFOs and investor relations professionals should keep that broader audience in mind as they craft their messages, Hurley said.
