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- The Daily REITBeat | Friday, May 15th, 2026
The Daily REITBeat | Friday, May 15th, 2026
"Fresh Warnings?"
David Auerbach
May 15, 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/
Futures in the red at the time of this writing as talking heads focus on the move in treasuries as oil, Iran, President Trump/President Jingping meeting and the other usual topics draw attention.
From Bloomberg
"A broad selloff in bond markets dragged stocks lower, bringing a sudden halt to the artificial intelligence-fueled equity rally that has pushed the S&P 500 from one record high to the next.
Nasdaq 100 futures tumbled 1.4% while those for the S&P 500 fell 0.9%. The losses point to a bleak end to a week in which chipmakers led a narrow rally despite steadily rising yields and the absence of a US-Iran deal to reopen the Strait of Hormuz.
Bonds fell across the Americas, Europe and Asia as doubts grew over whether oil supplies from the Middle East will normalize anytime soon. Scorching wholesale inflation data in Japan offered a fresh warning of price pressures building throughout the global economy.
The yield on 10-year Treasuries climbed five basis points to 4.54%. Japan’s 30-year rate touched 4% for the first time since 1999. Political upheaval in the UK added to the selloff in gilts, with the 10-year yield surging 15 basis points to 5.14%. The dollar headed for its longest run of gains since March."
In REIT News
Evercore ISI downgrades FRMI to Inline from Outperform (lower price target by $9 to $11)
FRMI announced that its Board of Directors has approved an amendment of the Company's Bylaws to protect and empower shareholders unaffiliated with the Company's former Chief Executive Officer and any proposed changes to the Board's size or classified structure will require approval from at least 70% of the Company's outstanding shares entitled to vote in the election of directors (voting as one class) while Toby Neugebauer issued a statement in response to an order from the US District Court for the Northern District of Texas denying the Company’s application for temporary restraining order and request for a preliminary injunction that sought to prevent the Special Meeting of Shareholders called by Mr. Neugebauer for May 29, 2026
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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.