Economic Analysis Suggests That REIT Investment Characteristics Are Not as Advertised
- Topics:
- Real Estate Portfolio Management
- Tags:
- American Real Estate Society,
- Analysis,
- Business Operations,
- Finance,
- Investment,
- Real Estate,
- REIT
- Source:
- American Real Estate Society
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Overview: Commercial real estate is a cyclical asset with partial inflation-hedging characteristics. Investment characteristics of regulated investment companies are shaped by two sets of economic attributes: investment portfolio characteristics and legal constraints on the companies. Both sets of real estate investment trust (REIT) attributes differ from corresponding attributes of regulated funds that invest in corporate securities. Analysis of the REIT attributes suggests that REIT investment performance since industry inception has been more or less as could have been anticipated.
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Format: PDF | Size: 149KB | Date: Jul 2001 | Pages: 26



