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- The Daily REITBeat | Wednesday, May 13th, 2026
The Daily REITBeat | Wednesday, May 13th, 2026
"A Quick Pitstop"
David Auerbach
May 13, 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 President Trump’s China summit with President Xi Jingping and his stop in Alaska to pick up Nvidia CEO Jensen Huang along with the other usual topics like US/Iran, oil, treasuries and a busy economic calendar.
From Bloomberg
"Dip buyers drove technology stocks higher, with traders betting that a record-breaking rally in chipmakers has further room to run. Oil wavered after a streak of three daily gains as the Strait of Hormuz remained shut.
Nasdaq 100 contracts advanced 0.6% alongside a rebound in South Korea’s Kospi index and an all-time high for a key tech-heavy gauge in China. S&P 500 futures gained 0.2%, while mining stocks led a 0.3% advance in Europe.
Nvidia Corp. climbed 2.1% in US premarket trading after co-founder Jensen Huang joined President Donald Trump on his visit to China. Processor and memory chipmakers, the key drivers of the past month’s narrow rally in the artificial-intelligence trade, posted broad gains. The dollar climbed 0.1%.
Treasuries and European government bonds were little changed. Gilts pared early gains as the UK’s political drama carried on. In the latest twist, a potential contender for the premiership, Wes Streeting, was preparing to resign from Prime Minister Keir Starmer’s cabinet.
Tech stocks are rallying again as investors count on the vast earnings potential of AI to withstand worries over elevated oil prices, with flows from the Middle East showing no sign of normalizing. Traders are also banking that this week’s summit between Trump and China’s Xi Jinping could unlock a series of trade deals, especially around semiconductors."
In REIT News
HIW sold Bridgestone Tower, a 513,000 sf office tower in CBD Nashville, for $255 million noting that the property is 100% leased and is projected to generate approximately $17 million of annual cash and GAAP net operating income in 2026 while the Company expects to record a non-FFO gain of approximately $75 million in the second quarter of 2026 in connection with this sale
VNO announced that its 45.1% owned JV completed a $161 million refinancing of 61 Ninth Avenue as the interest only loan which matures in March 2029 carries a rate of SOFR plus 3.00% for the first year, SOFR plus 3.35% for the second year and SOFR plus 3.85% for the remainder of the term which replaces the previous $155 million loan that bore interest at SOFR plus 2.45% and was scheduled to mature in November 2026
Toby Neugebauer announced that he and his family have decided to gift a percentage of their shares to help FRMI solve the 5/50 REIT Rule if and when the Company qualifies as a REIT and a certain time after it becomes a REIT by making the relevant tax election, the Company would be required to meet the 5/50 Rule meaning that the Company's top five shareholders who are individuals cannot hold more than 50% ownership of it
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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.