The Daily REITBeat | Tuesday, March 18th, 2025

"An Important Phone Call"

Good Morning!

Futures in the red at the time of this writing as talking heads set the stage for a busy economic calendar day along with a potential phone conversation between Presidents Trump and Putin as markets “navigate market volatility and policy uncertainty”.

From Bloomberg

"Wall Street was set to resume its slide and gold hit new record highs as concerns grew over the economy and developments around Gaza and Ukraine dented sentiment.
Futures for the S&P 500 and Nasdaq 100 slipped at least 0.2% as Russian President Vladimir Putin was said to be demanding a suspension of all weapons deliveries to Ukraine during a ceasefire proposed by Donald Trump. Meanwhile, Israel shattered a nearly two-month ceasefire with Hamas by launching airstrikes across Gaza. Those events add to concerns the US economy is losing steam as a result of Trump’s trade and labor policies.
Oil prices rose for a third day, while gold prices rallied above $3,000 an ounce and gold exchange-traded funds saw a fifth day of inflows."

In REIT News

DLR announced with Bersama Digital Infrastructure Asia (BDIA) the formation of Digital Realty Bersama, a 50-50 JV to develop and operate data centers across Indonesia which extends PlatformDIGITAL® into the dynamic Indonesian market, directly supporting the acceleration and growth of its digital economy driven by the country’s young and digitally savvy population and notes that the JV owns and operates a connected campus that includes a recently launched, state-of-the-art data center (CGK11) strategically located in Central Jakarta and another data center (CGK10) located in West Jakarta that launched with 5 megawatts (MW) of IT load capacity and is expected to support up to 32MW through its next phase of expansion
COLD signed an agreement to acquire a facility in Houston, TX for a total investment of approximately $127 million including planned expansion and equipment upgrades noting that the acquisition will add roughly 35,700 pallet positions to its cold storage warehouse portfolio
CCI announced the appointment of Katherine Motlagh to its board of director effective March 17th and the appointment of Sunit Patel to the position of Executive Vice President and Chief Financial Officer effective April 1 plus Moody’s affirmed its “Baa3” senior unsecured debt rating plus affirmed its Prime-3 commercial paper rating, “(P)Baa3” senior unsecured shelf rating and “(P)Ba1” subordinate shelf and preferred shelf ratings and revised its outlook to negative from stable
Moody’s affirmed EQIX’s “Baa2” senior unsecured ratings and revised its outlook to positive from stable
Yesterday morning, REG announced the acquisition of Brentwood Place Shopping Center, a community center and premier retail destination in Brentwood, TN noting that it spans approximately 320,000 sf, including more than 100,000 sf of shops and top-tier anchors including Nordstrom Rack, Total Wine, TJ Maxx/HomeGoods, and Golf Galaxy which is 95% leased

Download The REIT Beat here!

The Daily REITBeat 3-18-25.pdf

Welcome your comments and feedback.

Have a great day!

David Auerbach & Mary Jensen

Subscribe here to receive The Daily REITBeat newsletter every morning.

« More of The Daily REITBeat

David Auerbach
dauerbach@irrealized.com
214.492.3777

David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.

Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET).

Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: PRVT). Additionally, he acts as a consultant with IRRealized, LLC, focusing on corporate access in the REIT industry.

David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry. At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.

Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, TD Ameritrade, and Bloomberg.

David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.

In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.

Confidentiality Notice: The content in this article is provided for informational purposes only and is not intended to be, nor should it be construed or used as an offer to sell, or a solicitation of any offer to buy, any security. Additionally, the information herein should not be relied upon as recommendations or financial planning advice. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. This email, including attachments, may include non-public, proprietary, confidential or legally privileged information. If you are not an intended recipient or an authorized agent of an intended recipient, you are hereby notified that any dissemination, distribution or copying of the information contained in or transmitted with this email is unauthorized and strictly prohibited. If you have received this email in error, please notify the sender by replying to this message and permanently delete this e-mail, its attachments, and any copies of it immediately. This message is intended only for the addressee. If you are not the intended recipient, please notify the sender by e-mail reply and delete this message. You may not copy, disclose, distribute or otherwise make use of this message or its contents for yourself or for any other person, as that action may be unlawful. You should not retain, copy or use this e-mail or any attachment for any purpose, nor disclose all or any part of the contents to any other person. All data is reported from Bloomberg, SNL, or Hoya Capital unless otherwise indicated. While such information is believed to be reliable, no representation or warranty is made concerning the accuracy of any information presented. Statements herein that reflect projections or expectations of future financial or economic performance are forward-looking statements. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or actual performance. No representation or warranty can be given that the estimates, opinions or assumptions made herein will prove to be accurate. Actual results for any period may or may not approximate such forward-looking statements. No representations or warranties whatsoever are made by Hoya Capital as to the future profitability of investments recommended by these organizations.