More stories about REITs

  • Grubb & Ellis Apartment REIT Changes Gears Amid Controversy

    In late August, when Richmond, Va.-based Grubb & Ellis Apartment REIT agreed to take over the assets of Oakton, Va.-based Mission Residential—along with agreements totaling $182 million to acquire nine multifamily properties from affiliates of Mission’s MR Holdings—chairman, CEO, and chief...

  • Pop Quiz: Q&A with Essex's New CEO Mike Schall

    Mike Schall may have a new role as CEO of Palo Alto, Calif.-based Essex Property Trust, but he is certainly no stranger to the company. Schall has served under outgoing CEO Keith R.Guericke for 24 years. When the company went public in 1994, he was CFO. Five years ago, he moved over to the COO...

  • 3 Takeaways from the Third-Quarter Earnings Reports

    The apartment REITs finished up their third quarter reporting this week. As far as market fundamentals, there were no real surprises. But there were three prime takeaways, from the recovery to an increasing deal pace to a major move from UDR.

  • Guericke Steps Down at Essex

    After 33 years at Essex Property Trust, Keith R. Guericke, president and CEO, announced that he will step down on Jan. 1, 2011. Guericke will continue to serve as the vice chairman of the board and serve as a consultant to Palo Alto, Calif.-based Essex. Michael J. Schall, Essex’s senior executive...

  • REITs Report Rising Rents in Many Cities

    So far, more than half of the apartment REITs have reported their third quarter earnings. And, they’re showing that the recovery is continuing into the fall, especially for those REITs in higher barrier to entry markets.

  • REIT Earnings Preview: Three Things to Watch for in the Third Quarter

    Apartment and student housing REIT reporting season started with a bang this week as Cleveland-based Associated Estates REalty increased its NOI guidance by 125 basis points for 2010 and Memphis-based Educational Realty Trust announced that it was selling off nine communities and recycling the...

  • Amid Increasing Transaction Intensity, REITs Continue to Add Units

    With New York-based commercial real estate research firm Real Capital Analytics saying the apartment industry’s transaction pace in the multifamily has increased for the fifth consecutive month, REITs continue to add assets.

  • MFE Pop Quiz: Mid-America Chief Eric Bolton Tackles Acquisitions, Development, and Market Perception

    A lot of apartment REITs have been active over the past few months. Few have been as aggressive as Memphis-based Mid-America Apartment Communities. In August and September, the company announced five acquisitions. Mid-America CEO Eric Bolton took some time to chat with Multifamily Executive senior...

  • Unemployment Could Thwart the Recovery

    Unemployment Could Thwart the Recovery

  • UDR Closes $455.1 Million in Acquisitions, Prices Stock Offering

    Highlands Ranch, Colo.-based UDR is offering 16 million shares of its common stock priced at $20.35 per share to generate proceeds of approximately $312.1 million (and possibly up to $359.0 million), the multifamily REIT announced today. Proceeds from the sale will be used to pay down debt as well...