E24: REIT or Wrong — Is Now the Time to Buy U.S. Real Estate?
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Real Estate Investment Trusts, or REITs, are companies that own, operate or finance income-producing real estate. They are in a sense the “landlord of the U.S. economy”, as the properties they manage span a wide range of industries. Rob Rowe hosts this session with Nick Joseph, Citi Research’s Head of U.S. Real Estate and Lodging, to discuss the REIT sector’s current state and prospects ahead of the 30th annual Citi Global Property CEO Conference (March 2 – 5).
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Rob Rowe, Head of Global Strategy and Macro Research and U.S. Regional Director of Research
Rob Rowe is Head of the Global Strategy and Macro Group (GSMG) as well as the U.S. Regional Director of Research. GSMG unites all of Citi's economists with fixed income, FX, equity and commodities strategists to create a common team providing research on the world's major economies and asset classes. Rob has been with Citi for more than 30 years serving in various capacities. He originally joined Smith Barney Harris Upham & Company in 1989, working in investment banking, fixed income sales and research. In addition to his managerial responsibilities, he continues to provide portfolio strategy for select clients as part of his previous role overseeing the Global Bond Portfolio Analysis team. He has written numerous articles and publications on fixed income and portfolio strategy.
Nick Joseph, Head of U.S. Real Estate and Lodging, Citi Research
Nick Joseph is a Managing Director and Head of the Real Estate and Lodging team and the Global Real Estate Super Sector at Citi Research. The U.S. Real Estate and Lodging team at Citi has coverage of ~80 equity securities. Nick is active in the real estate industry, including being on the Advisory Board of the White Ruffin Byron Center for Real Estate at UVA and the FTSE Nareit Index Series Advisory Committee. Before joining the team in 2010, Nick worked at the Citi Private Bank. Nick has an MBA from New York University’s Stern School of Business, with a concentration in Finance and Economics, and a Bachelor of Arts degree from the University of Virginia.
