Malls, Apartment, Office REITs Candidates for M&A, Green Street Consultant Says

Dirk Aulabaugh

Dirk Aulabaugh, managing director with the Green Street Advisors Advisory & Consulting Group, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Green Street’s Advisory & Consulting Group advises private real estate companies, publicly traded and non-listed REITs, C-corps, real estate operating companies, hedge funds, pension funds, family offices, and other real estate market participants.

Aulabaugh discussed the arguments in favor of REIT privatizations and public-to-public mergers in the current environment. He also talked about the possibility of the pace of mergers and acquisitions (M&A) ramping up.

“We are going to see more M&A, but it’s really going to happen in the sectors that are trading at meaningful discounts to [net asset value], as opposed to the entire space,” Aulabaugh said.

Three REIT sectors appear ripe for M&A deals at the moment, according to Aulabaugh: malls, multifamily and office.