Apple Hospitality REIT Reaping Benefits from Acquisition

12/13/2016 | By Sarah Borchersen-Keto | REIT.com

Click “Read Full Article Located Here” button below to view this video.

Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

In September, Apple Hospitality completed the acquisition of the public non-listed REIT Apple REIT Ten, Inc. Knight said some of the strategic benefits from the deal are starting to accrue to Apple Hospitality.

“It significantly increased our scale and geographic footprint, increased the size and strength of our balance sheet, and increased ownership of key Hilton and Marriott brands,” Knight said.

Recent

Need for Recession-Resilient Income Drives Full Subscription of ExchangeRight’s $82.28 Million Offering

August 14, 2024

The offering contains 13 properties diversified across 10 states and 5 historically recession-resilient tenants, including FedEx, Tractor Supply, Dollar General, Dollar Tree, and Family Dollar.

BlueGate Boat & RV Storage Names JC Reed as Chief Operating Officer

August 14, 2024

Reed brings a wealth of experience to BlueGate, having served as senior vice president of operations at Store Space Self Storage, where he oversaw a multi-state portfolio of 70 locations with over $70 million in revenue.

Eagle Point Institutional Income Fund Reaches $100 Million Milestone And Generates 12.8% Annual Net Return

August 13, 2024

“By leveraging the strength of our Adviser’s investment platform, Eagle Point Institutional Income Fund has consistently provided investors with a reliable source of income,” said Thomas Majewski, the Fund’s Chairman and Chief Executive Officer, adding...

SmartStop Self Storage REIT, Inc. Reports Second Quarter 2024 Results

August 13, 2024

SmartStop receives asset management fees, property management fees, acquisition fees, and other fees and also receives substantially all of the tenant protection program revenue earned by the Managed REITs, which had a combined portfolio of 31 operating properties and approximately 24,500 units and 2.7 million rentable square feet at quarter end.

Most Popular

Blue Vault Performance Reports Update 10-23-2023

October 23, 2023

Blue Vault has published the following Interval Fund and Tender Offer Fund individual performance reports...

Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Don’t miss alts news
and educational events
Subscribe Now