NREI: 17 Takeaways from the NYU REIT Symposium
According to NREI:
Disruption—and investment strategies being pursued to mitigate negative aspects of it—dominated most of the discussions at New York University’s 22nd annual REIT Symposium held in New York City on April 6. Major disruption is taking place in industrial, office and retail real estate sectors, in the political environment, the current unique real estate cycle and new technologies, according to most panelists.
REITs are navigating how to better deliver value to their shareholders at this point in the cycle, and mergers and acquisitions help drive up values. However, mall REITs won’t allow themselves to be taken over even if they are experiencing discounted NAVs, said Mike Kirby, chairman and director of research at Green Street Advisors.
To read the full article from NREI, click here.