More stories about REITs

  • Equity Residential Buys the Most in 2010

    Chicago-based Equity Residential was the multifamily industry's largest apartment buyer in 2010. If the REIT has its way, we'll see more of the same in 2011.

  • REITs Provide Help to Developers, Benefit from Returns

    Last fall, two REITs, not known for being apartment builders, announced construction deals in Tennessee. Analysts expect more such deals in the future. REITs can provide a much-needed equity injection for a struggling developer, but it can also pay off huge dividends for the REITs, who are seeing...

  • MFE Pop Quiz: Real Estate Titan Sam Zell Talks Shop

    There are few people in commercial real estate more recognizable than Sam Zell. The chairman of Chicago-based Equity Residential (EQR), who is known as the grave dancer, made a name for himself buying distressed assets and building empires. He took some time to talk with Multifamily Executive...

  • REITs Pounce on Unstabilized Assets

    In the past year, REITs have been the biggest buyers in the multifamily sector. Why? Partly because they’ve been incredibly effective at taking on empty projects that were former condos or brand-new complexes.

  • Pop Quiz: Q&A with Campus Crest CEO Ted Rollins

    Campus Crest became the first multifamily/student IPO to make it through to Wall Street in this cycle. That’s no small feat, since a lot of companies have explored the possibility of going public. Campus Crest CEO Ted Rollins took some time to talk with Multifamily Executive about this latest...

  • AvalonBay Considers More Class B Investments

    AvalonBay Communities’ recent Investor Day not only gave its investors and analysts insight into how good next year will likely be—the company predicted NOI growth of 5 percent to 7 percent—but it also provided a glimpse into how the Arlington, Va.-based REIT plans to tweak its portfolio going...

  • 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...