''I don't care if it's an up or down economy, WALEs should be short if you have good buildings in good markets. And that's because your rent growth should exceed what you can build into your leases,'' says Mr Snyder.
Since listing, Keppel Pacific Oak US Reit has expanded its portfolio with three acquisitions – the Westpark Portfolio in Seattle, Maitland Promenade I in Orlando, and One Twenty Five in Dallas. DAVID Snyder, the CEO of Keppel Pacific Oak US Reit , doesn't believe in long weighted average lease expiries , because he thinks it prevents landlords from realising positive rent increases for good properties located in strong markets.
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