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- The Daily REITBeat | Friday, August 28th, 2026
The Daily REITBeat | Friday, August 28th, 2026
"On Warsh Watch"
David Auerbach
August 28, 2026
Various Initiatives and Website Links
Hoya Capital: www.hoyacapital.com
4800 Partners (REIT IR/Marketing/PR/Story Telling): www.4800partners.com
All the REIT Jobs Website: www.allthereitjobs.com
B-A-N-D Visual Storytelling: www.b-a-n-d.com/reit
REIT TV: www.reittv.com
REIT Academy: https://reitacademy.com/
The NexAI Cyber Perspective
REITs are entering a new phase of technology risk. The market is trying to solve AI acceleration with more disconnected tools. That is not the right approach. The REITs that succeed will move from tools to governed operating models; replace static assessments with continuous assurance; map third-party dependencies by operational impact; and build evidence that controls are operating effectively.
NexAI Cyber notes that as real estate becomes more digital, connected, and AI-enabled, cyber resilience and governance are no longer back-office issues. They are core operating capabilities tied directly to growth, valuation, trust, and business continuity.
Learn more at https://www.nexaicyber.com/
Futures mixed at the time of this writing as talking heads focus on today’s Jackson Hole symposium and Chairman Warsh’s address for potential signs on the economic policy, outlook and interest rates.
From Bloomberg
"US stocks and Treasuries drifted ahead of Federal Reserve Chair Kevin Warsh’s address at Jackson Hole, with traders looking for clarity on his economic outlook and strategy for bringing inflation back to target.
S&P 500 futures were little changed, leaving the index on course for a weekly advance. Nasdaq 100 contracts gave back some of the gains sparked by Nvidia Corp.’s blockbuster outlook. PayPal Holdings Inc. slumped 15% in premarket trading after Advent and Stripe abandoned their pursuit of the firm.
The dollar and gold barely budged. Brent crude fluctuated. The yield on 30-year Treasuries rose one basis point, with the rest of the curve seeing almost no moves. Copper headed for a ninth weekly gain, the longest run since 2020.
Warsh’s address, scheduled for 10 a.m. New York time, is shaping up as a crucial moment for markets as doubts about his commitment to taming inflation have helped push up long-term yields. A divided policy committee and the Treasury’s bond market intervention are further complicating the backdrop."
In REIT News
FCPT announced the acquisition of a 7-Eleven convenience store property located in a strong retail corridor in Pennsylvania for $1.5 million noting that the property is corporate-operated under a long-term, triple net lease with approximately ten years of term remaining and priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs
JBGS announced that its operating partnership amended and extended its Revolving Credit Facility and Tranche A-2 Term Loan where the recast extended the maturity of the Revolving Credit Facility from June 29, 2027 to August 27, 2030 with two six-month extension options, which may extend the maturity to August 27, 2031 while the recast also increased the $400.0 million Tranche A-2 Term Loan to $415.0 million and extended the maturity of $243.9 million of the term loan to August 25, 2028 with three 12-month extension options, which may extend the maturity to August 25, 2031
MAA will redeem for cash all of the outstanding shares of its 8.50% Series I Cumulative Redeemable Preferred Stock on October 1, 2026 for $50/share plus unpaid accrued dividends for October 1, 2026
Yesterday morning, IVT announced that Nordstrom Rack will open a 30K store at Westpark Shopping Center in Glen Allen, VA in fall 2027
Yesterday morning, TRNO sold a 100% leased, 113K sf industrial property located in Miami, FL for a sale price of approximately $21.3 million and the unleveraged internal rate of return generated by the investment was 11.1%
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David Auerbach
David Auerbach boasts over two decades of experience in the securities industry, specializing as an institutional trader with a focus on Real Estate Investment Trusts (REITs), Equity and Preferred stocks, MLPs, ETFs, and Closed End Funds.
Based in Dallas, TX throughout his entire career, David currently serves as the Chief Investment Officer for Hoya Capital, managing the Hoya Housing 100 ETF (Ticker: HOMZ) and The High Yield Dividend ETF (Ticker: RIET). Additionally, he acts as a consultant with 4800 Partners focusing on corporate access in the REIT industry.
Previously, David held the position of Managing Director at Armada ETF Advisors, the sub-advisor for the Residential REIT ETF (Ticker: HAUS) and The Private Real Estate Strategy via Liquid REITs ETF (Ticker: REAI).
David's industry journey includes roles at World Equity Group, Esposito Securities, and Green Street Advisors where he got his start in the REIT industry. At Esposito Securities, he played a crucial role in building the REIT/Real Estate platform and worked extensively with institutional investors, Equity REITs, and ETF issuers.
Throughout his career, David has been quoted by reputable publications such as Bloomberg, WSJ, Financial Times, Barron’s, Commercial Observer, Bisnow, CoStar, REIT.com, and GlobeSt.com. He has also made notable appearances as a featured guest on networks like Yahoo Finance, Schwab Network, and Bloomberg.
David holds a BBA in Finance from the University of Texas at Austin (May 1999) and an MBA in Finance from Southern Methodist University (May 2005). He maintains FINRA Series 7, 24, 55, and 63 registrations.
In his leisure time, David is an avid traveler, often found crisscrossing the country in pursuit of attending as many Phish concerts as possible.