Lisa Palmer, president and CEO of Regency Facilities Corp. (Nasdaq: REG) and Nareit 2023 chair, participated in a video interview at Nareit’s REITworld: 2022 Annual Convention held in San Francisco on Nov. 15-17.
Palmer mentioned being named Nareit’s 2023 chair and her targets for the yr forward.
“A number of progress was made with Nareit and attaining our targets [under recent former chairs Marguerite Nader (Equity Lifestyle Properties) and Jim Risoleo (Host Hotels)] and establishing such an excellent status and presence on Capitol Hill,” Palmer stated. “We have to proceed that momentum, particularly with new policymakers coming into workplace.”
Palmer added that by means of her chair position, she’s energized to assist REITs work on their ESG journeys, particularly their DEI targets.
“I’m actually wanting ahead to serving to Nareit and our entire trade make that progress, with a remaining aim actually of being a extra equitable, inclusive, numerous trade,” Palmer stated.
Turning to capital allocation, Palmer stated that Regency is approaching any incremental funding alternatives “actually fastidiously.”
“The lucky aspect for Regency [is that] we generate $130 million plus of free money movement…so we are able to use that and make investments it primarily into our worth creation improvement pipeline,” she added.
Palmer additionally mentioned some traits attributable to the pandemic which might be “right here to remain” and profit Regency’s buying facilities, together with the micro-migration from the town core to first-ring suburbs and extra distant work.
Palmer famous that considered one of Regency’s foundational methods is “embodied accountability,” which led partly to the REIT’s latest SBTi endorsed greenhouse gasoline emission goal.
Supply By https://www.reit.com/information/video/nareit-chair-lisa-palmer-committed-helping-reits-their-esg-journeys