NYSE Official Says REIT IPO Market Off to Active Start in 2017
04/10/2017

Ron Bohlert, sector leader of the real estate and insurance group at the New York Stock Exchange (NYSE), joined REIT.com for a video interview at REITWise 2017: NAREIT’s Law, Accounting & Finance Conference in La Quinta, California.

Bohlert commented that 2017 is off to a “really active start” in terms of initial public offering (IPO) activity. Three REITs have listed on the NYSE so far this year - the IPO of home rental company Invitation Homes Inc. (NYSE: INVH) in January, followed by Clipper Realty Inc. (NYSE: CLPR) and Sachem Capital Corp. (NYSE: SACH) in February. He pointed out that the Invitation Homes offering is the second-largest REIT IPO on record.

Bohlert also discussed the first-ever REIT Investor Relations Symposium, to be held on June 5 at the NYSE. The invitation-only event will be co-sponsored by NAREIT and the NYSE and will allow IR professionals to exchange ideas and best practices, he noted.

The symposium will include:

  • A panel discussion with veteran REIT analysts talking about how they digest the information coming from listed companies;
  • A panel on REIT market structure , including the role of the designated market maker in supporting equity trading and
  • A panel of REIT CFOs explaining what they view as a successful IR program within their companies.