Nareit's REIT Report Podcast

Deloitte 2019 Outlook Points to Increased Allocation to Real Estate

October 18, 2018 00:00 - 10 minutes - 13.8 MB

Jim Berry, U.S. Real Estate leader at Deloitte & Touche LLP, joined the latest edition of Nareit’s REIT Report podcast to discuss Deloitte’s newly-released 2019 Commercial Real Estate Outlook. The outlook surveyed 500 global commercial real estate investors on the factors that will drive their investment decisions in the year ahead. Berry noted that more than 97 percent of those surveyed indicated they would increase their capital allocation to real estate in the next 18 months, despite co...

SOFR Transition to Impact Real Estate Market Broadly

October 12, 2018 00:00 - 8 minutes - 9.44 MB

Evan Marble, a member of Chatham Financial’s hedge advisory team, was a guest on the latest edition of Nareit’s REIT Report podcast. Marble discussed the planned transition away from the London Interbank Offered Rate (LIBOR) in favor of the Secured Overnight Financing Rate (SOFR). LIBOR is currently the predominant interest rate benchmark for the dollar and other global currencies and is referenced in instruments with “hundreds of trillions” of dollars of notional value, he noted. LIBOR is...

Pebblebrook to Finetune Portfolio Following LaSalle Merger

October 01, 2018 00:00 - 7 minutes - 8.7 MB

Jon Bortz, chairman, president, and CEO of Pebblebrook Hotel Trust, was a guest on the latest edition of Nareit’s REIT Report podcast. Early in September, Pebblebrook announced it would pay $5.2 billion to acquire fellow hotel REIT LaSalle Hotel Properties, ending a series of revised offers that began in March. The deal is expected to close later this year. Bortz, who founded both REITs, said the two companies share an “incredible similarity” in terms of assets, quality, markets, geography...

Kilroy Realty Heading to Carbon Neutral Status by 2020

September 27, 2018 00:00 - 6 minutes - 7.02 MB

Sara Neff, Kilroy Realty Corp.’s senior vice president for sustainability, was a guest on the latest edition of Nareit’s REIT Report podcast. Kilroy was recently named a global sector leader in the 2018 GRESB Real Estate Assessment. The West Coast office REIT has set a goal to achieve carbon neutral operations by the end of 2020. Neff noted that although buildings generate 40 percent of carbon emissions, they are still largely overlooked by both the real estate and the larger environmenta...

Blockchain Could Shrink Differences in How Public, Private Real Estate Returns Are Measured

September 19, 2018 00:00 - 5 minutes - 5.88 MB

Brad Case, Nareit senior vice president for research and industry information, was a guest on the latest episode of Nareit’s REIT Report podcast and discussed the impact of emerging blockchain technology on the real estate industry. Developed in connection with cryptocurrencies, blockchain is “essentially a set of practices that make it possible to keep records of who owns assets,” Case explaied. He noted that although blockchain is not the same as distributed ledger, for the purposes of co...

Lodging Fundamentals “Very Bullish,” Ashford Executive Says

September 13, 2018 00:00 - 9 minutes - 11 MB

Conditions across the entire hotel industry are “very healthy,” said Ashford Inc. (NYSE American: AINC) Co-President and Chief Strategy Officer Rob Hays, who was a guest on the latest edition of Nareit’s REIT Report podcast. Ashford advises two REITs, Ashford Hospitality Trust, Inc., which focuses on the full-service segment, and Braemar Hotels & Resorts, which concentrates more on the luxury sector. Supply growth is holding firm at around two percent, while demand is staying ahead of that...

Real Estate Cycle “In a Good Place,” Strategist Says

September 04, 2018 00:00 - 5 minutes - 6.57 MB

Jacques Gordon, global head of research and strategy at LaSalle Investment Management, was a recent guest on the Nareit REIT Report podcast. Gordon will be speaking on the economic outlook for real estate at Nareit’s SFO Forum 2018 on Sept. 24. In terms of the real estate cycle, “we’re in a good place,” Gordon said. “Fundamentals are healthy. There’s a lot of new supply but there’s also a lot of demand. Rent growth is steadily upward,” Gordon noted. “There’s a lot of good news already reg...

EPA ENERGY STAR Scores Expected to Fall After Aug. 27 Metric Changes

August 24, 2018 00:00 - 6 minutes - 8.27 MB

In the latest edition of Nareit’s REIT Report podcast, Leslie Cook, ENERGY STAR program manager at the Environmental Protection Agency (EPA), discusses upcoming revisions to ENERGY STAR score calculations and steps that REITs can take to prepare for the changes. ENERGY STAR’s online tool, ENERGY STAR Portfolio Manager, is used to measure and track the energy performance of commercial buildings across the nation. For eligible buildings, the tool calculates a one to 100 ENERGY STAR score for ...

REITs Offer Hedge Against Elevated Tech Stock Valuations, Strategist Says

August 16, 2018 00:00 - 10 minutes - 12.2 MB

Scott Crowe, chief investment strategist at CenterSquare Investment Management, was a guest on the latest edition of Nareit’s REIT Report podcast. CenterSquare recently published a report, “The REIT vs. FAANG Valuation Showdown.” It notes that the current valuation of FAANG (Facebook, Apple, Amazon, Netflix, and Alphabet’s Google) stocks roughly equate to $3 trillion of total equity value, versus $5.8 trillion for the entire U.S. institutional real estate market. “Essentially the choice th...

Daily NAV REIT Market Benefitting from Shift Away from Traditional Non-Listed Products

August 10, 2018 00:00 - 10 minutes - 11.8 MB

Allan Swaringen, president & CEO of JLL Income Property Trust, was a guest on the latest edition of the Nareit REIT Report podcast. JLL Income Property Trust is a perpetual life, daily NAV REIT that is advised by LaSalle Investment Management and sponsored by JLL. Swaringen described the landscape of the non-listed REIT sector today. He pointed to three substantive changes that have occurred in the last five to six years. They include: a move to perpetual offerings; increased regulation an...

SBA Communications Expects to Play “Front Row Role” in Transition to 5G

July 26, 2018 00:00 - 10 minutes - 11.7 MB

SBA Communications is a wireless infrastructure REIT active in North, Central, and South American markets. The company has been in operation for nearly 30 years. Today it owns and operates close to 30,000 towers across the Western Hemisphere—from the upper reaches of Canada to the tips of Argentina and Chile. Jeffrey Stoops, president and CEO, described the domestic leasing environment as “probably as good as it’s been in the last four or five years.” All four major wireless carriers are b...

REIT Returns Higher Across Broad Swath of Industry

July 16, 2018 00:00 - 6 minutes - 7.08 MB

Brad Case, Nareit senior vice president for research and industry information, was a guest on the latest edition of Nareit’s REIT report podcast. Case highlighted the turnaround in REIT market performance seen since February. Prior to that, REITs had underperformed the broader stock market – particularly growth stocks - for about a year and a half.

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

July 06, 2018 00:00 - 3 minutes - 3.7 MB

Stacy Slater, senior vice president for investor relations at Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference. Slater said some of the questions most frequently asked by investors focus on tenant demand at its shopping center properties and how that might have changed from last year. Investors are also interested in the disconnect between valuation levels and ...

REIT Portfolio Manager Steve Brown Sees Inflection Point in Same-Store NOI

June 21, 2018 00:00 - 3 minutes - 3.78 MB

Steven Brown, senior portfolio manager at American Century Investments, joined Nareit for a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference. Brown commented on REIT fundamentals, noting that following a deceleration in the last couple of years, “we’re starting to see an inflection point in terms of same-store net operating income (NOI).” If the United States economy continues to improve, that could bode well for an acce...

REIT Portfolio Managers Watching Capital Formation, M&A Activity and Risk-Taking

June 15, 2018 00:00 - 7 minutes - 8.89 MB

Laurel Durkay, portfolio manager at Cohen & Steers, and J. Scott Craig, portfolio manager at Eaton Vance, were guests on a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference. Durkay and Craig discussed several key topics, including the messages from REIT management teams that they are paying most attention to.

REIT Valuation Levels Likely to Result in More Go-Private Transactions

May 29, 2018 00:00 - 8 minutes - 10.1 MB

Hans Nordby, managing director of CoStar Portfolio Strategy, is the guest on the latest edition of Nareit’s REIT Report podcast. Nordby discusses some of the main factors influencing REIT valuations and what the sharp disconnect between public and private market real estate values could mean going forward.

REIT Valuations Likely to Better Reflect Underlying Fundamentals Going Forward

May 17, 2018 00:00 - 5 minutes - 6.15 MB

Nareit’s Brad Case sees signs that investors are regaining interest in REITs.

Prologis/DCT Deal Underscores Continued Demand in Industrial REIT Sector, Analyst Says

May 09, 2018 00:00 - 3 minutes - 4.39 MB

Bloomberg’s Lindsay Dutch says deal may not change competitive landscape overall.

REIT Underlying Fundamentals Point to Upside Potential in 2018

May 02, 2018 00:00 - 6 minutes - 7.9 MB

Nareit’s Calvin Schnure says increased certainty on interest rates will support REITs.

Global Net Lease Sees “Tremendous Pipeline” of Acquisition Opportunities

April 24, 2018 00:00 - 3 minutes - 4.47 MB

James Nelson, president and CEO of Global Net Lease is the guest on the latest episode of Nareit’s REIT Report podcast. Nelson, who was named CEO in August 2017, notes that GNL’s net lease portfolio is about evenly split between the United States and Europe.

NIC Chief Economist Says Senior Housing Remains a Compelling Story for Investors

April 17, 2018 00:00 - 8 minutes - 9.27 MB

NIC’s Beth Mace says demographic forces “just getting better.”

NYU Schack Dean Sam Chandan Highlights Broad-Based Benefits of Diversity

April 09, 2018 00:00 - 9 minutes - 11.2 MB

Schack research points to link between diverse populations and long-term growth.

American Tower CEO Says REIT Taking Leading Role in 5G Transition

March 30, 2018 00:00 - 13 minutes - 15.3 MB

5G will allow mobile devices to stream high definition videos and offer augmented and virtual reality products. 5G will also enable a “really robust” Internet of Things environment, including the use of autonomous vehicles and drones, says James Taiclet, chairman, president and CEO of American Tower Corp.

ESG Focus Enhances REIT Performance, Investment Strategist Says

March 29, 2018 00:00 - 9 minutes - 10.4 MB

Scott Crowe, chief investment strategist at CenterSquare Investment Management, spoke about environmental, social and governance (ESG) trends within the REIT sector, and how CenterSquare’s own analysis of ESG matters has changed during the past two decades.

Nareit Initiative Seeks to Promote Role of Women in Real Estate

March 19, 2018 00:00 - 8 minutes - 9.77 MB

Bonnie Gottlieb, Nareit’s senior vice president for industry and member affairs, is Nareit’s liaison to its recently-launched Dividends Through Diversity initiative. She discussed the goals of the program, and why Nareit felt this was the right time to address the issue of diversity in REITs and the broader commercial real estate industry.

Retail REIT Washington Prime Group CEO Urges Thinking Outside the Box

March 14, 2018 00:00 - 11 minutes - 13.2 MB

Lou Conforti, CEO and director of retail REIT Washington Prime Group Inc. provides an overview of developments at Washington Prime as well as across the retail real estate industry more broadly.

Volatility Dominating REIT Market, Portfolio Manager Says

February 26, 2018 00:00 - 4 minutes - 4.86 MB

Salient’s Joel Beam highlights long-term benefits of REIT investment.

First Industrial Realty CEO Sees Golden Age for Industrial Real Estate

February 21, 2018 00:00 - 11 minutes - 12.9 MB

First Industrial Realty Trust, Inc.’s President and CEO Peter Baccile discusses his move from investment banking to the C-suite, priorities during his first year on the job and why this is a “golden age” for industrial real estate.

REITs and Interest Rates with Nareit's Calvin Schnure

February 15, 2018 00:00 - 6 minutes - 7.33 MB

Nareit's Calvin Schnure discusses the effects of interest rates and REITs.

Leisure and Hospitality REIT VICI Properties Lists on NYSE

February 01, 2018 00:00 - 7 minutes - 8.93 MB

VICI Properties CEO Ed Pitoniak discusses the timing of the company's IPO on Feb. 1.

Multifamily REITs a Sector to Watch in 2018

January 23, 2018 00:00 - 6 minutes - 7.46 MB

REIT analyst Richard Anderson of Mizuho reviews the tops stories in the REIT market from 2017 and looks ahead to the rest of 2018.

Nareit ESG Forum Tackles Top Real Estate Sustainability Issues

January 16, 2018 00:00 - 5 minutes - 7.39 MB

Nareit's Fulya Kocak provides a preview of the upcoming ESG Forum in Seattle from Jan. 23-24.

How the New Tax Law Affects REITs

January 11, 2018 17:59 - 5 minutes - 7.9 MB

Nareit’s Cathy Barre discusses impact of the new tax law changes on REITs. Nareit's REITwise: 2018 Law, Accounting & Finance Conference will have more in-depth information on the impact of tax reform on REITs.

Alexandria Real Estate Equities Implementing Award-Winning Health and Wellness Program

December 22, 2017 16:17 - 19 minutes - 26.5 MB

Alexandria sustainability lead Ari Frankel highlights benefits of Fitwel program.

Data Centers, Cell Towers Offer Tech Plays in Real Estate

December 08, 2017 00:00 - 11 minutes - 12.7 MB

Burl East, manager of the Altegris/AACA Opportunistic Real Estate Fund, discusses his thoughts on technology-focused investment opportunities in real estate, such as data centers and infrastructure.

Real Estate Companies Adapting to New Technologies

November 07, 2017 00:00 - 6 minutes - 7.06 MB

Deloitte’s Jim Berry says real estate companies facing similar concerns and opportunities as other businesses when it comes to disruptive technologies.

Enhancements to Nareit D&O Insurance Program

November 01, 2017 17:10 - 5 minutes - 5.74 MB

Learn about the changes to the Nareit Directors & Officers Liability Insurance Program from Tim Crowley, managing director, Crystal & Company; Stephen Kelly, director, Crystal & Company; and Howard Sider, underwriting manager, Arch Insurance Group. To learn more about how the 2017 enhancements can benefit your company, visit Nareit’s website or contact Crystal & Company Director Steve Kelly at 212-504-5847 or [email protected].

Nareit's REIT Report Podcast

Episodes