The newly-renovated DoubleTree by Hilton in Bloomfield Hills will be the setting on Thursday, March 14, for a unique opportunity when three CEOs of some of the best-known REITs (Real Estate Investment Trusts) in Michigan and the Midwest will be part of an industry outlook forum.
The breakfast session, which runs 7:30 a.m. to 9:30 a.m., will feature Robert S. Taubman, chairman, president, and CEO of Taubman Centers Inc. in Bloomfield Hills, which owns, manages, and/or leases 26 regional, super-regional, and outlet shopping centers in the United States and Asia. The company’s local properties include Twelve Oaks Mall in Novi and Great Lakes Crossing Outlets in Auburn Hills.
He will be joined by Gary A. Shiffman, chairman and CEO of Sun Communities Inc. in Southfield, which owns and operates or has an interest in 371 manufactured housing and recreational vehicle communities located in 31 states throughout the U.S. and Ontario, Canada. The company was founded in 1975 and became a REIT in 1993.
Rounding out the panel is Joey Agree, president and CEO of Agree Realty Corp. in Bloomfield Hills. The REIT owns and operates a portfolio of 650 properties offering more than 11.3 million square feet of gross leasable space across some 45 states.
In December, the corporation announced that through its subsidiary, Delaware-based Agree Development, it had entered into a purchase agreement for the acquisition of a portfolio of more than 100 retail properties in connection with a sale-leaseback transaction with The Sherwin-Williams Co., based in Cleveland.
The transaction is expected to close in the coming weeks for a purchase price of more than $150 million.
The panel, called Industry Outlook: A Conversation with Michigan’s REIT CEOs, is hosted by Steward Media in Birmingham.
For tickets, click here.