Chris Czarnecki, president and CEO of Broadstone Real Estate, participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Broadstone sponsors Broadtree Residential, Inc., a private REIT, Broadstone Net Lease, Inc, a public non-listed REIT (PNLR), and Broadstone Real Estate Access Fund.
Eric Bolton, chairman and CEO of Mid-America Apartment Communities Inc. (NYSE: MAA), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Bolton said that demand for apartment housing across the Sunbelt region remains strong.
Stephen Lebovitz, president and CEO of CBL Properties (NYSE: CBL), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Lebovitz discussed the short and long-term effect of the previously-announced Sears bankruptcy on CBL.
Lebovitz also commented on CBL’s plans to reduce its dividend payment for 2019.
James Taylor Jr., president and CEO of Brixmor Property Group (NYSE: BRX), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Taylor said that Brixmor was happy with its efforts in disposing of non-core assets in 2018.
“We exceeded the volume that we expected to transact [in 2018] by about 30 to 40 percent, as we found a really strong private bid for the types of assets that we own,” he said.
James Connor, president and CEO of Duke Realty Corp. (NYSE: DRE), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Connor said that although Duke Realty recently announced a new build-to-suit logistics facility in California, the REIT’s strategy in the region has not changed much since it first entered the market in 2011.
Bill Bayless, CEO of American Campus Communities (NYSE: ACC), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Bayless said that supply demographics in ACC’s core markets continue working in the company’s favor.
“New supply coming in next fall is up [at] 28,000 [new beds] from 26,000,” he said, noting though that the concentration per market is down. “[New supply] is spread over 34 markets, where last year it was over 27.”
Tom Bohjalian, Cohen & Steers’ head of U.S. real estate and a senior portfolio manager for the firm’s real estate securities portfolios, was a guest on the latest edition of Nareit’s REIT Report podcast.
Sumit Roy, president and CEO of Realty Income Corp. (NYSE: O), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Roy was appointed CEO in October 2018, succeeding John Case. He previously served as president and COO.
Dominique Moerenhout, CEO of the European Public Real Estate Association (EPRA), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.
Moerenhout commented on a recent EPRA-sponsored CEM Benchmarking Research study into European institutional investors. The study showed that across eight major asset classes, the listed real estate sector delivered the highest institutional returns in the UK and the second highest in the Netherlands—Europe’s two largest private pension fund markets.
The total returns of the FTSE Nareit All REITs Index fell 7.7 percent in December, while the S&P 500 lost 9.0 percent. The total returns of the FTSE Nareit Mortgage REIT Index fell 5.7 percent, while the yield on the 10-year Treasury note lost 0.3 percent.
For 2018, the FTSE Nareit All REITs Index fell 4.1 percent, while the S&P 500 dropped 4.4 percent.