{"id":1004104574,"date":"2014-09-30T00:00:39","date_gmt":"2014-09-30T08:00:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004104574"},"modified":"2022-03-03T05:03:43","modified_gmt":"2022-03-03T13:03:43","slug":"2014-top-commercial-owners","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/2014-top-commercial-owners\/","title":{"rendered":"2014 Top Commercial Owners"},"content":{"rendered":"<p>(Be sure to check out this month&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/?p=1004105598\" target=\"_blank\" rel=\"noopener\">research podcast<\/a>\u00a0examining ownership trends. Also, check out\u00a0Multi-Housing News for a look at how the\u00a0<a href=\"https:\/\/www.multihousingnews.com\/?p=1004108316\" target=\"_blank\" rel=\"nofollow noopener\">leading apartment owners<\/a>\u00a0stack up.)<\/p>\n<p><strong>Slow and Steady<\/strong><\/p>\n<p><em>By Mike Ratliff &amp; Jack Kern<\/em><\/p>\n<p>With nearly 2 billion square feet of real estate between them, the firms on 2014\u2019s list of the Top Commercial Owners are some of the most successful real estate companies in the nation. It\u2019s not just the size of the portfolios\u2014some of which are rapidly expanding\u2014but the quality of assets and tenants that make these owners truly special.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004104575\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/2014-top-commercial-owners\/cpe-top-owners_2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners_2.jpg\" data-orig-size=\"300,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"CPE Top Owners_2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners_2.jpg?w=300\" class=\"alignright wp-image-1004104575\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners_2.jpg\" alt=\"CPE Top Owners_2\" width=\"158\" height=\"210\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners_2.jpg 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners_2.jpg?resize=225,300 225w\" sizes=\"auto, (max-width: 158px) 100vw, 158px\" \/>The mix of properties impressed us, as well, with submissions detailing more than 345 million square feet of office, 282 million square feet of retail, 458 million square feet of industrial and 648,000 apartment units. Average occupancy across all asset classes increased to 92.3 percent, up a healthy 30 basis points from last year\u2019s survey.<\/p>\n<p>Though multi-family continues to garner much attention due to demographic drivers and the fact that many young renters cannot yet afford to buy a home, the office, retail and industrial sectors continue to show fundamental improvements. Owners are taking note\u2014especially with retail and industrial\/e-commerce assets.<\/p>\n<p>On average, the entire ownership portfolio carries 41.3 percent of its value in debt. While this is down from last year\u2019s survey, which found debt to be 45 percent of value, we did see an overall increase in the percent of these portfolios with financing expiring over the next three years (28 percent of properties) and five years (44 percent of properties). Last year, 21 percent of properties had financing expiring over the next three years, while 35 percent had debt expiring over the next five.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004104576\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/2014-top-commercial-owners\/cpe-top-owners-2014_1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners-2014_1.jpg\" data-orig-size=\"510,1661\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"CPE Top Owners 2014_1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners-2014_1.jpg?w=314\" class=\"aligncenter size-full wp-image-1004104576\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners-2014_1.jpg\" alt=\"CPE Top Owners 2014_1\" width=\"510\" height=\"1661\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners-2014_1.jpg 510w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners-2014_1.jpg?resize=92,300 92w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners-2014_1.jpg?resize=314,1024 314w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/CPE-Top-Owners-2014_1.jpg?resize=472,1536 472w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/p>\n<p>Note: Portfolio values as of close of first quarter 2014 unless otherwise noted. Property data as of May 31, 2014, unless otherwise noted. *As of Dec. 31, 2013<\/p>\n<p><strong>Methodology<\/strong><\/p>\n<p>Our ranking recognizes that the top multi-sector owners are best at knowing when, where and how to deploy capital. Variables factored into the ranking include information about their portfolios, their historic performance, the size and regional dominance of their holdings, details about ownership by square footage or units, occupancy dynamics, class and quality of properties, LEED certification, development plans and other items. The purpose of incorporating all of these variables is to help compare the composition of the firms\u2019 portfolios and adjust for differences across their investment sectors and locations. Our findings reflect what we believe to be the most successful, innovative and industry-leading firms based on our examination of the information provided by each of these companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With nearly 2 billion square feet of real estate between them, the firms on 2014\u2019s list of the Top Commercial Owners are some of the most successful real estate companies in the nation. <\/p>\n","protected":false},"author":1194,"featured_media":1004104575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37763,37783],"tags":[],"class_list":["post-1004104574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-surveys-and-rankings","category-research-center-top-cre-owners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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