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REITs Outperforming Sector’s Long-Term Average in 2017

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REITs have outperformed the industry’s long-term average in 2017 despite underperforming the broader stock market, according to Brad Case, Nareit senior vice president for research and industry information.

As of Dec. 15, total returns of the FTSE Nareit All REITs Index were 10.2 percent for the year.

Returns in the broader market were dominated by large-cap stocks, especially tech stocks, Case said. That, in turn, made REIT investments look relatively weak.

Green Street Analyst Sees Limits to Demographic-Driven Demand Forecasting

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Dave Bragg, managing director at Green Street Advisors, joined Nareit for a video interview at REITworld 2017.

Bragg leads Green Street’s strategic research efforts, focusing on broad topics that have implications across property sectors and markets.

One topic that Green Street has focused on lately is Amazon’s decision to establish a second headquarters outside of Seattle. Rather than looking at the likely candidates for the new headquarters, Bragg said Green Street has concentrated on the negative implications for Seattle.

Brixmor CEO Expects Asset Sales to Continue

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James Taylor, Jr., president and CEO of Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a video interview at REITworld 2017.

Brixmor owns and operates a portfolio of open-air shopping centers, with approximately 500 properties located across 38 states.

Taylor said he expects Brixmor’s active pace of dispositions to continue.

MCR CEO Sees “Rich” Acquisition Environment for Hotel Real Estate

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Tyler Morse, CEO of MCR Development, joined REIT.com for a CEO Spotlight video interview at NAREIT’s 2015 Washington Leadership Forum.

MCR Development maintains an active renovation platform and is currently renovating approximately 30 hotels in its portfolio. Morse said the firm is focusing on renovations that “impact the consumers most directly.” These include changes to rooms to accommodate personal electronic devices.

Tyler Morse

Inland Real Estate CEO Says Economic Fundamentals Support Strategy

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Mitchell Sabshon, CEO of Inland Real Estate Investment Corp., joined REIT.com for a CEO Spotlight video interview during NAREIT’s 2015 Washington Leadership Forum.

Inland sponsors non-listed REITs and also offers privately placed real estate transactions. In 2014, the two businesses made combined acquisitions of almost $1.3 billion, according to Sabshon.

Inland focuses primarily on multi-tenant retail properties, especially shopping center-anchored assets, as well as apartment buildings.

Investment Strategist Remains Optimistic About Lodging, Suburban Office Real Estate

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Tim Pire, managing director with Heitman, joined REIT.com for a video interview at NAREIT’s 2015 Washington Leadership Forum.

Pire said he remains optimistic with regard to prospects in the lodging and suburban office markets. The lodging sector is benefitting from continuing improvement in the economy and limited supply, Pire said. Corporate earnings reports and forecasts for 2015 have also been positive, he noted. Suburban office, meanwhile, has benefitted from the expansion in employment, Pire said.