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Retail REIT CEOs look to trends to determine direction for industry
Retail REIT CEOs are paying attention to a number of trends as they make plans for 2013. Craig Macnab, chairman and CEO of National Retail Properties, looks to consumer sentiment and employment figures. "Even though employment is not stellar, savings is less than it should be, and the consumer finds a way to keep spending." David Henry, vice chairman, president and CEO of Kimco Realty, is keeping an eye on retailers' demand for smaller space. "We think that’s going to continue, especially as they integrate their e-commerce and Internet operations with their store operations," he says. Tom Lewis, CEO of Realty Income, is watching the continued low interest rates and the effect they could have when they start to rise.

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