Randy Churchey, chairman and CEO of EdR (NYSE: EDR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.
Churchey discussed steps EdR is taking to narrow the gap between public and private valuations.
“Most REITs are trading at a discount to net asset value (NAV), which is very frustrating for all of us,” Churchey said. He noted that EdR is trying to communicate to the public where private transaction cap rates stand versus the implied cap rate of EdR’s stock.
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