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- The Daily REITBeat | Monday, May 11th, 2026
The Daily REITBeat | Monday, May 11th, 2026
"No Dice"
David Auerbach
May 11, 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 mixed at the time of this writing as talking heads focus on the US and Iran failing to agree on terms to end the war along with the move in oil and treasuries as markets continue trading near record highs. The Trump/Xi Jinping summit this week also getting attention.
From Bloomberg
"Stocks withstood rising oil prices and higher bond yields after the US and Iran failed to agree on terms to end the war in the Middle East.
S&P 500 futures traded just below an all-time high. Brent advanced more than 2% to above $103 a barrel as the Strait of Hormuz remained shut. Prices rose as optimism that the US and Iran would reopen the waterway got dashed after President Donald Trump deemed Tehran’s latest proposals “totally unacceptable.”
Bond yields climbed across the world as the standoff amplified fears of an oil-driven inflation shock and expectations of central banks tightening monetary policy. The 10-year Treasury rate rose three basis points to 4.39%. The dollar edged 0.1% higher, while gold dipped below $4,700 an ounce."
In REIT News
Evercore ISI downgrades DOC to Inline from Outperform (raise price target by $1 to $21)
On Friday, Odeon Capital initiated SVC with a Buy rating ($3.50 price target)
ELME announced an update regarding the status of ongoing liquidation activities under the Company’s Plan of Sale and Liquidation whereby 1) To date in 2026, the Company has completed the sale of five of its remaining properties – four of its multifamily properties, Elme Sandy Springs, Elme Marietta, Elme Conyers and Elme Germantown, and its remaining office property, Watergate 600 – for aggregate gross proceeds of approximately $252.7 million; 2) The Company has also entered into purchase and sale agreements with respect to four of the remaining properties that, collectively, provide for gross proceeds of approximately $431.3 million; 3) the Company currently estimates that the total amount of additional liquidating distributions to be funded from the net proceeds of sales of the Company’s remaining assets will be between $2.07-$2.35/share where the total amount of liquidating distributions (including the Initial Liquidating Distribution) is estimated to be between $16.74-$17.02/share compared to the estimated range of $17.02-$17.47/share previously announced in the Company’s press release issued January 23, 2026
Sieve Capital LLC announced that Glass Lewis has joined Egan-Jones Proxy Services in recommending that COLD shareholders vote against the reelection of long-tenured Chairman Mark Patterson at the Company’s upcoming 2026 Annual Meeting of Shareholders on May 18, 2026
MRP announced its intent to provide land banking capital to support Dream Finders Homes' proposed acquisition of Beazer Homes and received a letter from Goldman Sachs stating that it is highly confident that financing of up to $500 million can be arranged in connection with the transaction
On Friday, Toby Neugebauer announced his completed slate of highly qualified independent directors to FRMI’s board including independent nominees David A. Daglio Jr., Charles M. Elson, John T. Jimenez, and Janet Yang and all will stand for election at the Special Meeting of Shareholders scheduled for May 29, 2026
On Friday, S&P raised OUT’s issuer credit rating to “BB-“ from “B+” and its secured debt to “BB+” from “BB” and its unsecured debt to “B+” from “B” with a stable outlook
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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.