Why are REIT Values Below the Private Market?
According to GlobeSt:
NEWPORT BEACH, CA—The public market is a bit more concerned about rising interest rates and what might be happening to fundamentals in gateway markets like New York and San Francisco than the private market is, Green Street Advisors’ president of advisory and consulting Jim Sullivan tells GlobeSt.com. Sullivan, a 22-year veteran of the firm, was one of two key members of the its executive team to be promoted recently, following his leadership and contributions as managing director of Green Street’s Advisory Group since 2014.
In addition, Craig Leupold has been promoted to CEO following his accomplishments as president of Green Street Advisors. A 23-year veteran of the firm, Leupold will continue to bring best practices to all segments of the company, as well as explore strategic opportunities to support the firm’s growth. We spoke exclusively with both executives about their new positions as well as some of the bigger trends they are noticing with commercial-property valuations.
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