Eric Bolton, chairman and CEO of MAA (NYSE: MAA), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
MAA is an Equity REIT that acquires, develops, redevelops and manages of multifamily homes throughout the Southeast and Southwest regions of the United States.
Bolton discussed MAA’s capital recycling strategy, noting that market conditions are showing signs of favoring buyers. He also downplayed potential signs of apartment market fundamentals softening.
“The trends that we’re seeing still are running well above long-term historic averages,” Bolton said. “As a consequence of that, I think the fundamentals are going to continue to hold up reasonably well across our Southeast, Sun Belt footprint.”
Additionally, Bolton offered his thoughts on the influx of new supply in the multifamily market and the impact of MAA’s merger with Post Properties on its development pipeline.