Mark Manheimer, CEO of NETSTREIT Corp. (NYSE: NTST), sat down for a video interview during Nareit’s REITworld: 2024 Annual Conference in Las Vegas on Nov. 18-21.
Manheimer reflected on key initiatives driving the company’s growth and success. He emphasized building a strong, collaborative team as a critical factor in managing NETSTREIT's high-value assets.
“Getting the people right is really important,” Manheimer stated, noting recent team adjustments aimed at fostering long-term success.
Manheimer also highlighted the company’s strategy of diversifying its portfolio, a move that received a positive response from investors. He noted that the company has been able to acquire high-quality assets in unlikely locations, then generate positive cash flow for an extended period of time. This approach helped NETSTREIT navigate industry challenges while strengthening its financial performance.
Additionally, Manheimer discussed successfully managing a tenant’s bankruptcy, which had caused market concerns. Despite the tenant’s filing in September, NETSTREIT emerged with favorable outcomes, eliminating a major uncertainty for potential investors.
Looking ahead, Manheimer expressed optimism about the company’s future, crediting a strong team, strategic acquisitions, and effective risk management.