Diane Rusignola

On a Jan. 11 webinar hosted by Bloomberg Intelligence and Nareit, panelists discussed if the end of the Federal Reserve’s tightening cycle could herald a recovery for REIT performance.

CEO John Moragne said that the REIT’s industrial rents have jumped from 31% to 51% in the past five years.

Chief Sustainability Officer Lauren Moss said this includes on-site amenities and working directly with tenants on their sustainability goals.

CEO Jeff Witherell said the concept includes re-shoring, on-shoring, and near-shoring and will take place in the Golden Triangle, where 90% of the company’s properties are located.

CEO Ed Pitoniak said it’s hard to predict how 2024 will unfold and if the window to obtain more capital will remain open or not.

CEO Rick Matros said the REIT has “come out of the pandemic stronger than we’ve ever been.”

CEO Owen Thomas said the transaction resulted in BXP raising $750 million of equity and allowed the company to improve the yield on the developments to nearly 8%.

Howard Hughes Holdings CEO David O'Reilly said office space that’s focused on collaboration will entice tenants to return.

CEO Pete Mavoides said the REIT’s strategy has been to stay low-levered and in a liquid capital position.

CEO Ernest Rady said office has been a challenge, but the REIT has risen to the occasion.

CEO Wes Powell said they are all in various stages, from active construction all the way up through operations management.