Aaron Halfacre, CEO at Modiv Inc. (NYSE: MDV), participated in a video interview in conjunction with Nareit’s REITweek: 2022 Investor Conference in New York on June 7-9.
Modiv is a publicly traded REIT that acquires, owns, and manages single-tenant net-lease industrial, retail, and office real estate throughout the United States, with a focus on strategically important and mission critical properties.
Halfacre said Modiv’s long-term strategic goal is to “grow earnings, be a good steward of capital, and treat ourselves as a money manager—because that’s what ultimately we are.”
Meanwhile, Halfacre described the company’s shares as “considerably mispriced,” and reflect the fact that the REIT went public in February and has yet to develop an institutional following. “It’s my goal to close that value gap perceptibly in the near term.”