REITs

The complaint against Bruce Schanzer was filed by Nancy Mozzachio, the grocery-anchored REIT’s former COO, in New York State Supreme Court in Kings County in November 2017.

While many CRE pros agree that outlet centers are today’s best-performing retail asset, some say the sector may be losing some of its appeal.

“I think, given the complexity and history of Forest City, there are only very few potential buyers out there,” says Paul Adornato, a veteran REIT analyst.

The executives that saw the biggest median compensation increase last year were CFOs.

There doesn’t appear to be any slowdown in the demand for this product type, particularly with the increasing use of technology and the growth of remote working.

Many specialty REITs have seen double-digit FFO growth in 2018 versus the broader REIT market.

In a Q&A with NREI, Marc Halle, head of global real estate securities at PGIM Real Estate, offers his outlook on the manufactured housing, self-storage and industrial sectors.

Fundraising has increased for the asset class, and new players have entered the space, looking to grow and diversify.

The total gains of manufactured home REITs in 2017 outperformed those of office, retail, multifamily, hotel and health care REITs.