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- The Daily REITBeat | Monday, August 24th, 2026
The Daily REITBeat | Monday, August 24th, 2026
"A High-Stakes Week"
David Auerbach
August 24, 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 in the red at the time of this writing as talking heads focus on Fed Chairman Warsh’s comments at Jackson Hole later this week, US/Canada trade war, tech/AI stocks, Nvidia earnings, and the other usual topics like oil and treasuries.
From Bloomberg
"Technology stocks dragged global equities lower in a risk-off start to a week stacked with high-stakes macro events and earnings. Oil dipped, offering relief to bonds.
Nasdaq 100 futures dropped 0.5%, while those for the S&P 500 fell 0.2%. Chipmakers slid in US premarket trading. Tech heavyweights in Asia including Alibaba Group Holding Ltd. and SoftBank Group Corp. tumbled. Europe’s Stoxx 600, which has less exposure to tech, was little changed.
Brent snapped a six-day run of gains, falling to around $93 a barrel as traders waited for details of Treasury Secretary Scott Bessent’s plan to economically isolate Iran. Treasury yields declined, with the longer end extending the move after CNBC reported Bessent could tap the near-$1 trillion Treasury General Account to fund bond buybacks.
The greenback firmed, while the Canadian dollar was the worst-performing major currency after the country rejected a US tariff deal. Gold headed for $4,650 an ounce. Bitcoin edged past $78,000.
Traders are preparing for Federal Reserve Chair Kevin Warsh to speak at Jackson Hole on Friday, an event that takes on added significance after concerns over ballooning budget deficits and persistent inflation sent long-dated yields to multi-decade highs. The yield surge has already prompted an intervention by Bessent, who also pledged measures to shore up US finances."
In REIT News
JPM resumes VMRK with a Neutral rating ($73 price target)
On Friday, Morningstar upgraded FRT to Buy from Hold (raised price target by $12 to $145)
On Friday, Morningstar upgraded WELL to Hold from Sell (raised price target by $27 to $219)
EXR announced that Noah Springer, President, will become its next CEO effective January 1, 2027 as current CEO Joe Margolis will retire at the end of the year and serve as an adviser to the Board of Directors
On Friday, BDN announced the expiration of the previously announced cash tender offer by its operating partnership for up to $50,000,000 in aggregate principal amount of its outstanding 7.550% guaranteed notes due 2028 where $327,405,000 or approximately 93.5% of the $350,000,000 aggregate principal amount of the 2028 Notes had been validly tendered and not withdrawn in the 2028 Notes Tender Offer and the Operating Partnership accepted for purchase $50,000,000 of the 2028 Notes validly tendered and delivered
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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.