Nareit's REIT Report Podcast
316 episodes - English - Latest episode: 6 days ago - ★★★★ - 34 ratingsA show about the latest news and developments in REITs and real estate investment.
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Episodes
Episode 351: Farmland Partners CEO Sees “Huge Potential” to Grow Asset Class
March 23, 2023 00:00 - 13 minutes - 18 MBFarmland Partners Inc . (NYSE: FPI) President and CEO Luca Fabbri says there is “huge potential” to grow the share of farmland assets within institutional investor portfolios, especially given the sector’s risk return profile, asset appreciation, and inflation protection benefits. A co-founder of Farmland Partners alongside former CEO Paul Pittman, Fabbri was named president in October 2021 after serving as the company’s CFO since its inception. He became CEO in February. Speaking...
Episode 350: Essex CEO Mike Schall Reflects on Finding the “Right Investments in the Right Place”
March 16, 2023 00:00 - 35 minutes - 49.1 MBEssex Property Trust, Inc . (NYSE:ESS) President and CEO Mike Schall says the multifamily REIT is facing favorable tailwinds—including continued tech investment in its core markets, muted supply, and strong balance sheet fundamentals—as he prepares to step down from his current role at the end of the month. Schall has served as president and CEO since 2011. His successor is Angela Kleiman, Essex’s current SVP and COO. Speaking with the REIT Report, Schall said, “Coming out of peri...
Episode 349: NMHC President Says Demand for More Housing is “As Far as the Eye Can See”
March 09, 2023 00:00 - 12 minutes - 17.4 MBThe supply of housing in the United States has “never been more out of balance”—with the lack of affordable housing particularly acute—making long-term policy initiatives on the federal, state, and local level more important than ever, says Sharon Wilson Géno, president of the National Multifamily Housing Council (NMHC). Wilson Géno assumed the role of president from Doug Bibby in January, when he officially stepped down after more than 20 years of leading the organization. Speaki...
Episode 348: Dynex Capital Maintaining Flexible Mindset, Strong Liquidity Amid Current Uncertainty
March 02, 2023 00:00 - 18 minutes - 25.1 MBDynex Capital, Inc . (NYSE: DX) CEO Byron Boston describes the current geopolitical and macroeconomic conditions as an “evolving period” in which the mREIT is maintaining a flexible mindset and evaluating multiple scenarios for the future. Boston, who is also the mREIT’s co-chief investment officer, told the REIT Report that “we're respectful of this evolving period. We're respectful that we may continue to be surprised.” In response, Dynex Capital is carrying more cash and liquidi...
Episode 347: Investors Should Prioritize Listed Real Estate Market Over Private: LaSalle
February 23, 2023 00:00 - 12 minutes - 16.8 MBInvestors looking to allocate to real estate today should consider the listed market first, with REITs in particular priced to deliver annual returns in the high single digit range for the next several years, says Lisa Kaufman, head of global securities at LaSalle. “We see public real estate as unequivocally more attractive than private real estate today,” Kaufman told Nareit’s REIT Report podcast. Kaufman said the REIT market has been “really very rational” through the recent per...
Episode 346: REITs Offer Protection Against High and Moderate Inflation
February 16, 2023 00:00 - 11 minutes - 15.6 MBREITs provide protection against high and moderate inflation across a range of property types, says Nareit Vice President of Research Nicole Funari. Speaking on Nareit’s REIT Report podcast, Funari noted that, in terms of how REITs respond to inflation pressures, “people are inclined to believe that there might be differences among the property sectors, but the data doesn't bear that out.”
Episode 345: Citi Analysts see Opportunities Amidst Uncertainty Across Global Real Estate Markets in 2023
February 09, 2023 00:00 - 23 minutes - 21.7 MBThe potential for rolling country-level recessions and the impact of higher interest rates on transactions and capital flows are among the main themes influencing global real estate investment in 2023. The result, according to Citi’s global real estate research team, are opportunities mixed in with the broader uncertainty facing investors. “I think there's a lot more uncertainty entering 2023 than we've seen at least in the past few years, putting aside COVID. I think that's going ...
Episode 344: Nareit’s Ayris Scales says REITs Undertaking “Critical” Work to Better Reflect Diverse Demographics
February 02, 2023 00:00 - 9 minutes - 13.4 MBThe REIT industry is undertaking “critical” work to ensure that real estate’s leadership, staff, and procurement opportunities better reflect the nation’s wider demographics, says Ayris T. Scales, Nareit’s senior vice president for social responsibility and global initiatives. Speaking on Nareit’s REIT Report, Scales said that Nareit is working together with its REIT members to accelerate change collectively and “elevate the way that we do things on behalf of the industry.” Scales...
Episode 343: Cohen & Steers’ Rich Hill Says Timing is Right for Building Exposure to REITs
January 26, 2023 00:00 - 14 minutes - 19.4 MBREITs have historically made solid returns following the onset of a recession, particularly in the early stages of the cycle, making this an ideal time for investors to begin building an exposure to the asset class, says Rich Hill, head of real estate strategy and research at Cohen & Steers. Speaking on the Nareit REIT Report, Hill said REITs have historically produced average 12-month forward returns of more than 10% following the onset of a recession, with early-cycle returns exc...
Episode 342: Real Estate Capital Markets Recovery Likely Around Mid-2023: CBRE
January 19, 2023 00:00 - 9 minutes - 13.5 MBA recovery in the real estate capital markets is likely to begin around the middle of the year, with transaction activity becoming better supported over the course of 2023 as financial stresses start to ease, says Richard Barkham, CBRE’s global chief economist. Speaking on the Nareit REIT Report podcast, Barkham said, “real estate capital markets tend to lead the economy, both on the downside and in the upturn…it’s going to take a while for investors to start to move because they w...
Episode 341: New Initiative Aims to Launch Ethnically Diverse Students into Real Estate Careers
January 12, 2023 00:00 - 13 minutes - 18.2 MBCenters for Leadership Excellence (CLE), a new initiative from the Ferguson Charitable Foundation, seeks to introduce ethnically diverse college students to career opportunities available in real estate, with the long-term goal of helping to change the racial and ethnic composition of the sector. “We want to get these students into the boardroom and into the c-suite because as leaders they can effectuate change,” Bill Ferguson, chairman of Ferguson Partners and president of the Fer...
Episode 340: REITs Well Positioned to Navigate Economic and Market Uncertainty of 2023
January 05, 2023 00:00 - 15 minutes - 14.4 MBREITs have demonstrated resilient operational performance and are well prepared for the continued economic uncertainty, higher interest rates, and elevated inflation expected in the coming year, says Ed Pierzak, Nareit’s senior vice president for research. Speaking on the Nareit REIT Report, Pierzak noted that REITs are not only performing well but are keeping pace with inflation. Meanwhile, balance sheets are in “great shape,” with leverage ratios near historical lows. With the r...
Episode 339: Retrofitting Buildings Seen as Essential Step to Reaching Net Zero Emissions Goals
December 02, 2022 00:00 - 13 minutes - 18.3 MBAs decarbonizing buildings becomes essential to achieving net zero emissions goals, the real estate industry needs to rebalance its efforts away from new building in favor of retrofitting existing buildings, says Jeremy Kelly, director of global research at JLL. Speaking on the REIT Report, Kelly said retrofitting has to become “the new normal” given that about a 10th of global emissions are coming from new construction. JLL has calculated that in mature cities, 80% of office buil...
Episode 338: Real Estate Investors Await Better Price Discovery Before Committing to the Market
November 10, 2022 16:48 - 10 minutes - 14.3 MBConstriction in the credit markets has caused real estate investment transactions to slow, but there’s still plenty of dry powder on the sidelines ready to execute as soon as clearer price discovery emerges, says Byron Carlock, real estate practice leader at PwC. Speaking on the REIT Report, Carlock said that the current sentiment is one of cautious optimism. “Demand on the street from any of the product types is still quite good, especially multifamily, industrial, even the hotel ...
Episode 337: GRESB’s Dan Winters Expects REIT Scores to Increase in Coming Years
November 03, 2022 00:00 - 14 minutes - 20.3 MBThe REIT industry is likely to see additional gains in GRESB performance in the years ahead, given that a number of listed REITs appeared in the benchmark for the first time this past year, says Dan Winters, senior director at GRESB. Speaking on the REIT Report, Winters noted that in general, GRESB scores start to ramp up in year two and year three, “so I'm really expecting some additional increases in the REIT score in the years ahead.” Winters also discussed how a flight to qual...
Episode 336: Newly-Rebranded Elme Communities Sees Significant Demand from Mid-Market Renters
October 27, 2022 00:00 - 15 minutes - 22 MBA growing need for more mid-market affordable housing, particularly in its targeted Sun Belt markets, has Elme Communities (NYSE: ELME), formerly WashREIT, anticipating its strongest growth in 20 years, says President and CEO Paul McDermott. “That mid-market renter is really the deepest part of the demand curve, and we only see that curve growing,” McDermott told the REIT Report. While acknowledging the current volatile interest rate climate, he added that it doesn’t “erase the fac...
Episode 335: REITs Look Increasingly to International Markets for Life Sciences Exposure
October 13, 2022 00:00 - 16 minutes - 23.1 MBREITs active in life sciences real estate are increasingly looking to complement their domestic portfolios with holdings in international markets where world-class scientists and strong infrastructure are creating a “vibrant ecosystem,” says Travis McCready, head of life sciences, Americas markets, at JLL. “The life sciences market is increasingly going global, and from a REIT perspective, it's going global faster,” McCready told Nareit’s REIT Report. “I can't think of any of the l...
Episode 334: Healthy Building Environments Seen as “Table Stakes” for Tenants & Investors
September 29, 2022 00:00 - 17 minutes - 24.7 MBHealthy building environments have become an essential requirement for attracting and retaining tenants, and also for ensuring that real estate assets avoid becoming stranded for failing to meet baseline requirements, says Joanna Frank, president and CEO of the Center for Active Design (CfAD), operator of the Fitwel healthy building certification system. Speaking on the REIT Report, Frank noted that “health is seen as essential. It is seen as table stakes. If you want to attract an...
Episode 333: PropTech Seeing Increased Investment, Faster Deployment Across Real Estate Industry
September 22, 2022 00:00 - 20 minutes - 36.7 MBWidespread acceptance that PropTech is an integral part of the real estate landscape today has helped accelerate the adoption of new tech solutions and paved the way for real estate stakeholders to act more nimbly than before, says Sarah Liu, partner on the Real Estate Technology Investment team at venture capital firm Fifth Wall. “Instead of having to wait sometimes maybe more than a year in order to get a decision, we are seeing folks able to test and pilot technology with a spee...
Episode 332: Deloitte Outlook Shows CFOs Expect Real Estate Revenues to Come Under Pressure
September 16, 2022 00:00 - 15 minutes - 21.8 MBInflation pressures, higher interest rates, and supply chain challenges have created a climate of uncertainty in which commercial real estate executives see revenues coming under pressure, according to Deloitte US Real Estate Leader Jeff Smith. Speaking on the REIT Report, Smith said that Deloitte’s 2023 Commercial Real Estate Outlook, which is based on survey results for more than 450 CFOs, showed that 48% of respondents expect revenues to decrease in 2022. That compares with only...
Episode 331: American Tower Executive Sees Industry Collaboration as Essential for Achieving ESG Results
September 14, 2022 00:00 - 11 minutes - 15.5 MBMaking substantive progress on ESG issues involves going beyond individual corporate actions to encompass industry-wide efforts to bring about real change, says Mneesha Nahata, SVP, Legal & Chief Sustainability Officer at American Tower Corp. (NYSE: AMT). Speaking on the REIT Report, Nahata noted that in addition to finding practical solutions, making investments, and innovating as a company, “it is really about working together and collaboration with other like-minded companies to...
Episode 330: Inflation Reduction Act Offers New Energy-Related Provisions for REITs
September 08, 2022 00:00 - 11 minutes - 16.2 MBThe recently enacted Inflation Reduction Act contains $369 billion in energy-related provisions, including new tax credit incentives that were previously unavailable to the REIT industry, says Nareit EVP and General Counsel Cathy Barré. Speaking to the REIT Report, Barré points out that a number of obstacles have historically limited the ability of REITs to utilize tax credit incentives, with REIT tax credits typically going unused. Barré points out that under the new legislation,...
Episode 329: Strong Board/Management Partnership Benefits REIT Performance Long Term
August 18, 2022 00:00 - 14 minutes - 20.6 MBA corporate governance structure that includes board members that are independent, yet work as strong partners to the executive board, has clear long-term benefits for REIT performance, says Bill Ferguson, chairman of global professional services firm Ferguson Partners. Speaking on the REIT Report, Ferguson said “it’s a fine balance…the board is there to be a fiduciary and represent the shareholders’ interests, but the bottom line is that they also need to be a good partner to the ...
Episode 328: Green Street Says Investors Should Prioritize Public Real Estate in Current Volatility
August 11, 2022 00:00 - 11 minutes - 16.1 MBWith listed REITs trading at sizeable discounts to their underlying gross asset value, institutional investors should prioritize public real estate at this time, says Dave Bragg, co-head of strategic research at Green Street. “Now is a great time to prioritize the public market as it is on sale,” Bragg told the REIT Report. Bragg stressed the advisability for investors to have a dual mandate across the public and private real estate markets as it “really does maximize one's opport...
Episode 327: PREIT CEO Says Sale of Unproductive Assets Positions Company Well for Future Growth
August 05, 2022 00:00 - 12 minutes - 16.6 MBThe sale of roughly half of PREIT’s (NYSE: PEI) portfolio of shopping malls, combined with the replacement of unproductive department stores with better performing assets, positions the company well for the future and makes a compelling case for investors, says Chairman and CEO Joe Coradino. Speaking on the Nareit REIT Report, Coradino also commented on how PREIT is evolving its properties into community hubs. “With assets in Philadelphia and Washington, D.C. that are well located...
Episode 326: Real Estate Deal Activity Focusing More on Experiential-Oriented Sectors
July 22, 2022 00:00 - 10 minutes - 14.4 MBReal estate deal activity is concentrating on sectors that can perform well in a rising rate environment or in periods of high inflation, with experiential-oriented assets in particular demand, says Tim Bodner, partner and U.S. real estate deals leader at PwC. Speaking on the REIT Report, Bodner said PwC has continued to see activity building in the lodging space, as well as for casinos, marinas, and ski resorts. “All things that are tied to people being out.” Bodner said PwC is a...
Episode 325: Measurabl CEO Says Real Estate has “Tremendous” Leadership Opportunity to Advance Sustainability
July 14, 2022 00:00 - 14 minutes - 20 MBCommercial real estate is in a position to take a leading role to advance the sustainability agenda, while regulation is also helping to move the whole industry forward, says Matt Ellis, founder and CEO of Measurabl, a provider of ESG data management solutions. Speaking on the REIT Report, Ellis said there is a “tremendous leadership opportunity in our sector to really take advantage of the transition to green for the better of everyone—our occupiers and customers, our investors, a...
Episode 324: Affordable Housing Crisis Not Just a Lower Income Phenomena, Former Fannie Mae Exec Says
July 08, 2022 00:00 - 22 minutes - 31.4 MBThe affordable housing crisis facing the United States today is not just a lower-income phenomena, but impacts individuals making six-figure salaries, says Kenneth Bacon, co-founder and managing partner of financial advisory and asset management firm RailField Partners, and former Fannie Mae executive. Speaking on the REIT Report, Bacon, who also serves as board chair at Welltower Inc. (NYSE: WELL), said “if you pull back the covers and look at the data, you'll see that young profe...
Episode 323: Lodging Real Estate Sector Fundamentals Healthy, but Margins Softening
June 27, 2022 00:00 - 14 minutes - 19.9 MBConditions in the lodging and hospitality real estate sector are healthy overall, but the combination of ongoing labor shortages, interest rate creep, and high construction costs are acting to soften margins, says Daniel Weede, partner in Morris, Manning & Martin’s hospitality, real estate, and real estate development & finance practices. Speaking on the REIT Report, Weede noted that “there's a lot of optimism in this industry, and I think, at least for the next several years, that...
Episode 322: Phillips Edison Seeing Strong Operating Environment in Grocery-Anchored Shopping Segment
June 16, 2022 00:00 - 13 minutes - 18.4 MBPhillips Edison & Co., Inc. is seeing a “really strong” operating environment across its portfolio, but the REIT also has a realistic view that there are going to be pressures weighing on the consumer from a range of macroeconomic factors, Chairman and CEO Jeffrey Edison said. Speaking on Nareit’s REIT Report, Edison noted that questions from investors at Nareit’s REITweek: 2022 Investor Conference last week revolved around the theme of potential disruption to the current environme...
Episode 321: Commercial Real Estate Providing Buffer Against Inflation Pressures: Nuveen
June 01, 2022 00:00 - 13 minutes - 18.2 MBCommercial real estate continues to provide a solid hedge against inflation, a trend that has been borne out over multiple decades during periods when inflation has exceeded 4%, says Carly Tripp, global chief investment officer and head of investments for Nuveen Real Estate. Speaking on the REIT Report, Tripp noted that Nuveen research shows that compared to other asset classes, commercial real estate was the only one that emerged with an overall net positive return during those in...
Episode 320: Macerich CEO Says Consumers Largely Confident, Despite Current Uncertainty
May 27, 2022 00:00 - 13 minutes - 18 MBConsumers remain largely confident about their personal situations, despite a host of broader economic and geopolitical concerns, says Tom O’Hern, CEO of Macerich (NYSE: MAC). That sentiment is fueling sales and leasing volumes across the REIT’s portfolio of retail and mixed-use real estate. “The resiliency of the American consumer is amazing, and it is once again on display. Shoppers have come roaring back to our centers to shop with a purpose,” O’Hern told the REIT Report. Durin...
Episode 319: Commercial Real Estate Seen as Good Option in Times of Inflation, Geopolitical Conflict
May 24, 2022 00:00 - 16 minutes - 22 MBPrivate equity funds, endowments, and large institutional investors will continue to have a large appetite for commercial real estate given the current inflationary environment and geopolitical uncertainty, says John Sullivan, chair of DLA Piper’s U.S. real estate practice and co-chair of its global real estate practice. Speaking on the Nareit REIT Report, Sullivan said that asset classes with the ability to reprice themselves due to short lease cycles, such as multifamily and indu...
Episode 318: Global Investment in U.S. Real Estate at Strongest-Ever Level
May 17, 2022 00:00 - 19 minutes - 26.3 MBGlobal investment in U.S. real estate is at its strongest-ever level, with non-core markets and multifamily and industrial asset classes continuing to lead the charge in terms of investor interest, according to Gunnar Branson, CEO of AFIRE, the association for international real estate investors focused on commercial property in the U.S. Speaking on the Nareit REIT Report, Branson noted that while there are certainly lots of concerns surrounding global events, “real estate investin...
Episode 317: Human Capital Strategies Key as Real Estate Industry Faces Skills Gap
May 12, 2022 00:00 - 10 minutes - 13.8 MBA skills gap within the real estate industry means that to attract talent, firms must adopt human capital strategies that align with changes in employee expectations, says Gemma Burgess, president of Ferguson Partners. Burgess will become CEO of Ferguson, a global professional services firm, on June 1. Speaking on the REIT Report, Burgess attributed a skills gap within the real estate industry to the fact that many mid-level professionals left the field in the wake of the global fi...
Episode 316: Return to Office to Take Rest of 2022 to Take Hold
May 10, 2022 00:00 - 18 minutes - 25.8 MBAlthough a return to the office has started in earnest, it will take the rest of 2022 to take hold, and even longer before clear patterns of usage emerge, says Julie Whelan, global head of occupier research at CBRE. Speaking on the REIT Report, Whelan said it will likely be 2023 “before we can really start to hang our hat on trends that we can say are stable [in order] to build assumptions about what new work patterns are going to look like.” Whelan described current office usage ...
Episode 315: Angel Oak Sees Growth Opportunity as Non-Qualified Mortgage Segment Reverts to Historical Norms
May 05, 2022 00:00 - 13 minutes - 18.1 MBAngel Oak Mortgage, Inc . (NYSE: AOMR) CFO Brandon Filson sees the non-qualified mortgage (QM) loan segment reverting over time to its historical level of about 10% of the overall mortgage market, compared to 2% today, providing the mREIT with significant opportunity for growth in the years ahead. Speaking on the REIT Report, Filson noted that 10% of the overall market would be about $200 billion, versus about $25 to $50 billion today. Angel Oak Mortgage, which went public in June...
Episode 314: Business Models Seen as Central to Corporate Performance & Wealth Creation
April 28, 2022 00:00 - 7 minutes - 10.7 MBBusiness models are central to corporate performance and wealth creation, and even the most complex models can be reduced to six basic variables, says Chris Volk, a veteran REIT executive, business leader, and author. Speaking on the REIT Report, Volk discussed his upcoming book, The Value Equation, which will be published on May 10. Volk also discussed his career, during which he introduced and led three public companies. One of those was STORE Capital Corp. (NYSE: STOR), his thi...
Episode 313: Non-Traded Alternative Investments Market Could Reach $250 Billion Within Next 5 Years
April 22, 2022 00:00 - 26 minutes - 36.7 MBCapital flow of non-traded alternative investments could grow to a $250 billion a year market within the next five years, with early 2022 data already pointing to a record-breaking year for fundraising in the sector, according to the Institute for Portfolio Alternatives (IPA). Speaking on the REIT Report on April 18, Anya Coverman, SVP, government affairs and general counsel at IPA, said the outlook for 2022 is “incredibly bright. You have Blackstone, Starwood, and other large asse...
Episode 312: Residential Real Estate Seeing Strong Supply-Demand Backdrop: Fund Manager
April 15, 2022 00:00 - 14 minutes - 20.6 MBOutside of the industrial sector, residential real estate in the United States “probably has the best supply-demand backdrop in global real estate right now,” says Ryan Dobratz, portfolio manager of the Third Avenue Real Estate Value Fund. Speaking on the REIT Report, Dobratz said he sees “a significant amount of demand for single family housing, in particular within more affordable Sunbelt markets, at the same time that supply is very, very low.” Companies active on the home buil...
Episode 311: SEC Climate Change Disclosure Proposals Seen as First Step in Finding the Right Regulatory Balance
March 31, 2022 00:00 - 9 minutes - 13 MBProposed Securities and Exchange Commission (SEC) rules to enhance and standardize climate-related disclosures for investors are just the first step in terms of finding the right balance of what's required from a regulatory perspective, said Uma Pattarkine, a senior investment strategy analyst and global ESG lead for CenterSquare Investment Management. Pattarkine told the REIT Report that the SEC proposals were “a lot more robust than I had originally anticipated,” given the level ...
Episode 310: Camden Property Trust COO Says Pandemic Amplified the Importance of Gender Equity, Diversity
March 18, 2022 00:00 - 21 minutes - 29.4 MBLaurie Baker, COO at Camden Property Trust (NYSE: CPT), says the importance of gender equity and diversity within the commercial real estate industry has been amplified as a result of the pandemic. Speaking on Nareit’s REIT Report, Baker said that while more women are rising to key leadership positions across the industry, the pandemic “in many ways stalled the progress that was being made because they [women] were disproportionately forced to choose between careers and caregiving ...
Episode 309: Invitation Homes Expanding Choice in Housing Market Through Pathway Homes Investment
March 04, 2022 00:00 - 10 minutes - 14.3 MBDallas Tanner, president and CEO of Invitation Homes Inc. (NYSE: INVH), says the REIT’s $250 million investment in Pathway Homes will expand choice in the housing market by helping first-time homebuyers who lack access to traditional avenues to home ownership. Speaking on the REIT Report, Tanner said Pathway, launched in partnership with Regis Group and Fifth Wall, is an opportunity to support a growing segment in the marketplace—individuals that want a lease option purchase agreem...
Episode 308: Progress on DEI Requires Committed Leadership, Statements Backed by Action
February 25, 2022 00:00 - 19 minutes - 26.3 MBCommitted leadership and statements backed up by substantive action are key to ensuring that organizations make progress on diversity, equity, and inclusion (DEI), according to Kira Banks, co-founder of the Institute for Healing Justice and Equity at Saint Louis University, where she is also an associate professor in the department of psychology. Speaking on the REIT Report, Banks notes that since George Floyd's murder in 2020, more leaders in business are understanding that DEI is...
Episode 307: Long-Term Interest Rates to Remain Very Favorable for Commercial Real Estate
February 23, 2022 00:00 - 7 minutes - 10.1 MBAnticipated interest rate increases of about one and a half percentage points by year-end will still create a “very favorable” environment for commercial real estate, says Nareit Senior Economist Calvin Schnure. Speaking on the Nareit REIT Report, Schnure noted that it is “appropriate” for the Federal Reserve to be raising interest rates at this point and removing the stimulus that was put in place early in the pandemic. Schnure noted that goods inflation has been at about 12% ove...
Episode 306: Hotel Transaction Activity Expected to be “Incredibly Strong” in 2022
February 14, 2022 00:00 - 19 minutes - 26.4 MBTransaction activity in the hotel sector this year is expected to be “incredibly strong,” with robust pricing continuing in the luxury resort segment and the start of a recovery in business transient and group demand, according to Kevin Davis, CEO of JLL Hotels & Hospitality, Americas. Speaking on the REIT Report, Davis noted that JLL has more than $12 billion in its U.S. hotel sales and financing pipeline for 2022, the highest level since 2015, which was already a record year from...
Episode 305: Farmland Investment Offers Stability, Good Returns, Inflation Hedge Benefits
February 04, 2022 00:00 - 12 minutes - 16.6 MBInvesting in the farmland sector offers stability, strong income, good total returns, and inflation hedge characteristics, among other benefits, according to Martin Davies, global head of Nuveen Natural Capital. Speaking on the REIT Report, Davies also noted that “one very compelling theme is not being correlated to the economic cycle. Through the COVID-19 pandemic we’ve seen no dip-off in farmland returns. As we’ve seen historically through other economic crises, such as the globa...
Episode 304: Data Center Sector Promoting Renewable Energy Use Across the Electric Grid
January 31, 2022 00:00 - 17 minutes - 23.9 MBThe data center sector is playing a significant role in getting utilities to increase the use of renewables across the electricity grid and bring about the larger goal of a 90% carbon-free electricity system by 2030, according to Breana Wheeler, director of operations at BREEAM USA. Speaking on the REIT Report on Jan. 24, Wheeler noted that the focus on decarbonizing the grid is “really critical, because while reducing energy consumption is important, data centers specifically will...
Episode 303: Prologis sees Multi-Year Tailwinds from Efforts to Rebuild Inventory Levels
January 27, 2022 00:00 - 14 minutes - 20 MBPrologis, Inc . (NYSE: PLD) Global Head of Capital Deployment Dan Letter says ongoing efforts by companies to rebuild inventories to pre-pandemic levels, and a focus on resiliency rather than efficiency in the supply chain, will create multi-year tailwinds for the REIT. Speaking on the REIT Report, Letter noted that inventory to sales levels are 10% below where they stood pre-pandemic. “Our customers are just trying to get back to the pre-COVID levels, let alone build that new safe...
Episode 302: American Finance Trust Strengthens Commitment to Brick and Mortar Retail
January 14, 2022 00:00 - 16 minutes - 23.1 MBWith a footprint heavily weighted toward the Sunbelt, plus an expanding portfolio of necessity retail assets, Michael Weil, CEO of American Finance Trust, Inc. (Nasdaq: AFIN), says the REIT is well-positioned for 2022 and beyond. Speaking on the REIT Report podcast Jan. 12, Weil said the company’s proposed $1.3 billion acquisition of shopping center assets from subsidiaries of CIM Real Estate Finance Trust, Inc., combined with its upcoming rebranding to The Necessity Retail REIT Wh...