7/9/2018 | By Nareit Staff
Ben Butcher, chairman, CEO and president of STAG Industrial, Inc. (NYSE: STAG), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.
STAG Industrial focuses on the bottom half of the primary markets, in addition to secondary markets, where supply and demand is in “pretty good” shape, according to Butcher. While there are supply concerns in Dallas and Atlanta, especially in certain submarkets, oversupply there can be underwritten, he added.
Overall, “we don’t see any significant problems given the growing economy,” Butcher said.
Meanwhile, Butcher said he expects to see increased transaction activity in the industrial sector going forward. Industrial assets have “always been difficult to aggregate,” so institutions are typically under-allocated, he noted. “I’d be surprised if there wasn’t additional activity, given that weight of private capital,” he added.