VEREIT’s Portfolio Diversification Making Positive Strides
Glenn Rufrano, CEO of VEREIT, Inc. (NYSE: VER), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.
Rufrano said VEREIT’s portfolio diversification is moving in a positive direction after standards were set for it more than two years ago. While there is still work to do, he said, protecting the downside of the company is key.
Phillips Edison to Merge With Phillips Edison Grocery Center REIT II
Phillips Edison & Company, Inc. (PECO), a public non-listed REIT (PNLR), said July 18 that it has agreed to merge with Phillips Edison Grocery Center REIT II, Inc., a PNLR it currently sponsors and manages, creating a $6.3 billion REIT focused exclusively on grocery-anchored shopping centers.
The stock-for-stock merger will create a national portfolio of 323 grocery-anchored shopping centers encompassing approximately 36.7 million square feet, located across 33 states.
Leslie Hale’s Pioneering Career
Leslie Hale takes over as CEO of RLJ Lodging Trust, becoming the first African-American woman to lead a REIT.
Leslie Hale’s Pioneering Career
Leslie Hale takes over as CEO of RLJ Lodging Trust, becoming the first African-American woman to lead a REIT.
