Guide to Global Real Estate Investment Trusts

Release on 2018-12-04 | by Stefano Simontacchi

This highly practical book features a comprehensive analysis of both the legal and tax underpinnings of REIT-friendly legislation in a variety of the world's most significant jurisdictions.

Guide to Global Real Estate Investment Trusts
  • Author: Stefano Simontacchi
  • Publisher: Kluwer Law International
  • ISBN: 9403502932
  • Category:
  • Page: 688
  • View: 132

The global listed property sector has been characterized by a variety of noteworthy developments over the recent past, the proliferation of real estate investment trust-type structures in countries around the world key among them. Despite an uncertain economic environment, REITs have proven their ability to promote institutional real estate investments in global financial markets. This highly practical book features a comprehensive analysis of both the legal and tax underpinnings of REIT-friendly legislation in a variety of the world's most significant jurisdictions. With regard to the legal framework, the structure and functioning of a REIT is carefully investigated and explained. In terms of tax issues, the book focuses on such key issues as REIT formation, operation and liquidation; mergers, acquisitions and dispositions; as well as planning for public and private REIT offerings and re-securitizations. REITs are inherently complex and their interplay with tax treaties further compounds the complexity. This highly accessible yet authoritative work is the perfect decision making tool for any professional looking for perspective and guidance on the challenges and opportunities REITs engender.

Global Real Estate Investment Trusts

Release on 2012-02-01 | by David Parker

This book draws together the most recent developments in REIT management from academic research and professional practice.

Global Real Estate Investment Trusts
  • Author: David Parker
  • Publisher: John Wiley & Sons
  • ISBN: 9781444398793
  • Category: Business & Economics
  • Page: 224
  • View: 854

As real estate investment trusts continue to grow exponentially inAsia and Europe - being already well established in the USA andAustralasia - a comprehensive guide to the issues involved in REITproperty investment decision making is badly needed. This book draws together the most recent developments in REITmanagement from academic research and professional practice. It isbased on current, original academic research, including structuredinterviews with the managers of a wide range of different types ofREITs as well as the research and publications of others, togetherwith the author's 25 years experience in REIT management. Itprovides a theoretically robust and practically relevant up to dateguide to the property investment decision making process forREITs. Presenting new insights, the author breaks the REIT propertyinvestment decision making process down into three phasescomprising six stages with 30 sequential steps. Each chapterfocuses on one stage of the property investment decision makingprocess and introduces the key people in the REIT management teamrelevant to the activities in that chapter. The theory andprinciples are considered and illustrated by application to SuperREIT, a $15bn diversified REIT. Global Real Estate Investment Trusts: People, Process andManagement fuses not only how REITs should undertake propertyinvestment decision making - based on how it is undertaken and theunderlying property theory, capital market theory and financetheory - but also why each part of the decision making process isimportant. This book provides the first sole-authored scholarly workspecifically on REITs as a business enterprise and REIT propertyinvestment decision making as an holistic and cyclical process. Thefocus is on principles, making it relevant in each of the fourmajor REIT markets around the world: USA, Europe, Asia andAustralasia. An essential book for REIT managers and all those practisingprofessionals involved in the REIT industry - including propertypractitioners, researchers, lawyers, accountants, bankers anddirectors around the world.

Playing the REITs Game

Release on 2007 | by Dominic Whiting

A wealth of information, this book highlights some of the winners, the losers, the shortfalls and the opportunities of this exciting and rewarding sector.

Playing the REITs Game
  • Author: Dominic Whiting
  • Publisher: John Wiley & Sons
  • ISBN: 9780470822043
  • Category: Business & Economics
  • Page: 224
  • View: 751

Playing the REITs GAME. Asia's New real Estate Investment Trusts. A comprehensive guide to the history as well as detailing a thorough portrait of the fundamentals of the evolving REITs market in Asia. A wealth of information, this book highlights some of the winners, the losers, the shortfalls and the opportunities of this exciting and rewarding sector. It also provides an insight into the various regional markets and lists the REIT products available today. --Danny Mohr, Executive Director, REITs Asia, CB Richard Ellis REITs are fast becoming a growing force in Asia and this book explains what any investor needs to look for. Together with its well researched background to the evolution of REITs in Asia, it is also a fascinating read of industry professionals. --Guy Hollis, International Director, International Capital Group, Jones Lang LaSalle, Hong Kong A must-read for anyone interested in playing the REITs game in Asia. Well written, easy to read, comprehensive and yet concise. Case studies add color and flavor to the development of REITs in various Asian Countries. --Wen Khai Meng, Chief Executive Officer CapitaLand Commercial Limited CapitaLand Financial Limited The rapid growth of REITs has brought efficiency, liquidity and transparency to Asia's real estate markets. Dominic Whiting's book manages to capture the mood of investors and practitioners during this exciting period of change and gives a detailed blow-by-blow account of the story so far. Playing the REITs Game examines the sector from a wide variety of perspectives and will help introduce the sector to a wider audience. --Chris Reilly, CFA, Director of Property, Asia, Henderson Global Investors

Real Estate Investment Trusts in Europe

Release on 2013-12-11 | by Ramón Sotelo

This book provides both academics and decision makers an introduction to the economics of REITs beyond tax transparency, an overview of the mature REITs markets, and a closer reflection of the development of different REIT-structures in ...

Real Estate Investment Trusts in Europe
  • Author: Ramón Sotelo
  • Publisher: Springer Science & Business Media
  • ISBN: 9783642368561
  • Category: Business & Economics
  • Page: 236
  • View: 816

Shortly before of the beginning of the global financial crisis of 2008 REITs were introduced in several European countries based on their success in mature markets like the US, Australia and some Asian countries. While the history of REITs in Europe has been relatively brief, REITs are well on the way to become an industry standard as a real estate investment financial vehicle not only in Europe but throughout the developed world. This book provides both academics and decision makers an introduction to the economics of REITs beyond tax transparency, an overview of the mature REITs markets, and a closer reflection of the development of different REIT-structures in Europe including the history, regulation and markets of each country.

Real Estate Investment Trusts

Release on 2006 | by Rachel Booth

Each chapter adopts the same format for ease of reference, covering key concepts such as tax, investor limitations, distribution requirements, gearing, conversion charge, treatment of offshore investors and related issues.This major work ...

Real Estate Investment Trusts
  • Author: Rachel Booth
  • Publisher: Globe Business Publishing Limited
  • ISBN: 0954870670
  • Category: Real estate investment trusts
  • Page: 272
  • View: 856

Real Estate Investment Trusts: A Global Analysis. Since they were first developed in the United States, real estate investment trusts (REITs) have become a global phenomenon, offering tax advantages for property companies who choose to convert to REIT status and opening up large-scale real estate investment opportunities to retail investors. This practical title, 'Real Estate Investment Trusts: A Global Analysis', is the only volume to cover REITs and significant property funds in 12 jurisdictions. Written by specialists in this field, each chapter sets out the rules and regulations governing REITs, their tax treatment and how they contrast with other property funds in the jurisdiction. Each chapter adopts the same format for ease of reference, covering key concepts such as tax, investor limitations, distribution requirements, gearing, conversion charge, treatment of offshore investors and related issues. This major new work provides an invaluable guide for anyone dealing with cross-border real estate investment to the local application of REITs in all major REIT jurisdictions and how they differ from other property funds.

Risk in the Global Real Estate Market

Release on 2012-01-26 | by Mike C. I. Nwogugu

Despite significant evolution of real estate investment trusts (REITs), real estate
markets, and associated state laws during the past 40 years, under U.S. laws,
REITs are unconstitutional. The number and market values of REITs in the United
 ...

Risk in the Global Real Estate Market
  • Author: Mike C. I. Nwogugu
  • Publisher: John Wiley & Sons
  • ISBN: 9781118177716
  • Category: Business & Economics
  • Page: 368
  • View: 390

Essential reading for professional investors, risk managers, regulators, central bankers, and real estate professionals, Risk in the Global Real Estate Market: International Risk Regulation, Mechanism Design, Foreclosures, Title Systems, and REITs takes an international look at the ways in which U.S.-style constitutional laws, financial laws, and real estate laws in various countries affect global economics and risk; and analyzes specific constraints that deter market development such as Asset Liability Matching, inappropriate financial products, land title systems, inefficient constitutions and human biases. The sub-prime mortgage crisis (that began around 2006) and the Global Financial Crisis of 2007–2010 disrupted the economies of various countries and exposed many of the psychological, social, and economic problems inherent in the legal/risk infrastructure for mortgages, land title systems, REITs, securitization, and pensions. In this remarkable new book, Michael Nwogugu explains how these processes and statutes are unconstitutional and inefficient, and how they influence demand for housing, real estate prices, retirement savings, household wealth, consumer disposable income, marriage opportunities, job markets, crime, and regional economic growth. The resulting major economic and public health problems have continued to reduce the quality-of-life of nations, and continue to cause permanent declines in wealth, increases in crime and delinquency, high divorce rates, depression, and inadequate job creation, among other problems. The book examines a range of fields—including mechanism design, psychology, risk finance, and corporate governance; and emphasizes Constitutional economics as a distinct dimension of risk analysis. Risk in the Global Real Estate Market makes a compelling case about how constitutional torts increase information asymmetry, transaction costs, agency problems, and compliance costs, as well as inefficiency in real estate transactions. These problems, the book argues, are not unique to the United States, but also affect Commonwealth countries and other nations that have developed regulations that are similar to, or are based on U.S. commercial, securities, and or constitutional laws. Risk in the Global Real Estate Market presents a novel analysis of the sub-prime crisis (that first began in 2006), the failure of securitization (CMBS/MBS) markets, the Global Financial Crisis, and socio-economic problems caused by traditional mortgages and securitization. The book reveals that many of the statutes and processes that define mortgages, foreclosures, securitization, and REITs in the United States (and many common-law countries and nations that have adopted American-style real estate regulations) are fundamentally unconstitutional and inefficient, and have lasting negative effects on consumer psychology, the demand for real estate, price discovery in property markets, economic growth, and quality of life. The book examines the nature of constitutional torts and property rights as the foundation for business transactions and economic growth within the context of risk regulation, interstate commerce, takings, and legislation. Risk in the Global Real Estate Market introduces new theories of consumer psychology and institutional dynamics in real estate transactions; presents new theories of takings, and also surveys psychology/psychiatry studies (based on data from various countries) that confirm the harmful effects of mortgages, securitization, and foreclosures. Using elements of mechanism design, Michael Nwogugu develops new efficient financial products (Mortgage-Alternatives products), and presents a policy framework for a unified “Mortgage-Alternatives” market for the CEE/CIS region and China. He also explains why Asset Liability Matching hinders lending, capital formation and risk management, especially in developing countries.

Investing in REITs

Release on 2011-09-02 | by Ralph L. Block

This book is an essential read for both individuals and institutions who desire to invest in commercial real estate through REIT stocks.

Investing in REITs
  • Author: Ralph L. Block
  • Publisher: John Wiley & Sons
  • ISBN: 9781118112601
  • Category: Business & Economics
  • Page: 448
  • View: 901

The new Fourth Edition of the definitive handbook oninvesting in Real Estate Investment Trusts (REITs) Real Estate Investment Trusts (REITs), which provide some of thebest total returns in the investment world, along withabove-average dividend yields and stable earnings, have becomeincreasingly popular with both individual and institutionalinvestors. Investing in REITs, Fourth Edition hasestablished itself as the definitive guide to understanding thisattractive asset class. The book is invaluable for investors,financial planners, and investment advisers interested inunderstanding REITs and REIT investment opportunities. As their earnings and dividends are beginning to grow againafter the Great Recession—and as they are in a uniqueposition to take advantage of distressed saleopportunities—now is an excellent time for investors toconsider REITs for both diversification and strong total returns.The new edition covers: A comprehensive history of the REIT industry How REITs compare with other competitive investments How to spot blue-chip REITs and control investment risk How to value individual REIT stocks, and REIT sharesgenerally How to build a diversified REIT portfolio, directly or withREIT mutual funds Understanding the risk-and-reward dynamics of commercial realestate Assessing non-US REITs and how to invest in them Important new developments and strategies in the REITindustry Author Ralph L. Block, who has been investing in REIT stocks for40 years and is widely considered a leading authority on REITs,brings the historical success of Investing in REITs right upto date. This book is an essential read for both individuals andinstitutions who desire to invest in commercial real estate throughREIT stocks.

A Global Perspective on Real Estate Cycles

Release on 2012-12-06 | by Stephen J. Brown

The conference featured the leading research on this topic in the United States, Europe and Asia. Currendy, the real estate industry is at a critical point.

A Global Perspective on Real Estate Cycles
  • Author: Stephen J. Brown
  • Publisher: Springer Science & Business Media
  • ISBN: 9781441986429
  • Category: Business & Economics
  • Page: 121
  • View: 181

In March 1999, New York University Salomon Center in assocIatIOn with the Department of Finance at NYU Stern held a one-day conference on the impact of real estate cycles on the real estate industry both from a domestic as well as an international perspective. The conference featured the leading research on this topic in the United States, Europe and Asia. Currendy, the real estate industry is at a critical point. New development projects around the world are being put on hold given recent developments in the international capital markets. The industry is hard hit by the decline in real estate investment trust (REIT) share prices and a shrink ing pool of capital for real estate ventures. This has unfortunately coincided with serious financial problems of very large hedge funds and other institutional investors in the market for commercial mortgage backed securities. There is need for new insights into the implications of U. S. and global real estate cycles on real estate secu rities including REITs and mortgage-backed securities as well as direct real estate investment. This global orientation is important given the high mobility of capital into the real estate, the increasing integration of real estate markets, and the proposed expan sion of real estate investment trusts (REIT) into international real estate. The process of globalization has resulted in increased competition between cities for the attrac tion of investment.

Public Real Estate Markets and Investments

Release on 2014-08-07 | by H. Kent Baker

How do firms choose between the two organizational forms—REOC or REIT? 5.
Identify and discuss the ... “50 Years of Real Estate Investment Trusts: An
International Examination of the Rise and Performance of REITs.” Journal of Real
Estate ...

Public Real Estate Markets and Investments
  • Author: H. Kent Baker
  • Publisher: Oxford University Press
  • ISBN: 9780199993291
  • Category: Business & Economics
  • Page: 672
  • View: 518

Real estate is typically classified as an alternative to more traditional investments such as stocks and bonds. Real estate investing involves the purchase, ownership, management, rental, or sale of real estate for profit. Real estate investments can be both income producing and non-income producing. Although real estate can produce income like a bond and appreciate like a stock, this tangible asset has several unique characteristics as well as advantages and disadvantages relative to other investment alternatives. Benefits of including real estate in a portfolio include diversification, yield enhancement, risk reduction, tax management, and inflation hedging. Unlike traditional investments, investors in real estate have the ability to influence performance. Real estate has drawbacks in that it requires management, is costly and difficult to buy, sell, and operate, and sometimes has lower liquidity. Additionally, measuring the relative performance of real estate can be challenging. The purpose of this 14-chapter book is to provide an overview and synthesis of public real estate markets and investments in a global context. The book discusses the major types and the latest trends within public real estate markets and presents the results of research studies in a straightforward manner. It has three sections: (1) foundations of public real estate, (2) public debt markets and investments, and (3) public equity markets and investments. The book should be interest to various groups including academics, practitioners, investors, and students. Readers should gain a greater appreciation of what is needed for success when investing in public real estate markets. For more information about private real estate, read Private Real Estate Markets and Investments.

Global Trends in Real Estate Finance

Release on 2009-10-08 | by Graeme Newell

This is clearly reflected in the real estate investmenet trusts (REIT) products now being developed in Europe and Asia, the range of unlisted products emerging in UK/Europe and the innovative financing structures being developed in many ...

Global Trends in Real Estate Finance
  • Author: Graeme Newell
  • Publisher: John Wiley & Sons
  • ISBN: 1444315315
  • Category: Business & Economics
  • Page: 312
  • View: 461

To operate effectively in today’s dynamic global real estatemarkets, it is essential to understand the complex processes thatunderpin them. This up-to-date work, which brings togethercontributions from industry and academic experts from around theworld, is a valuable corollary to effective investmentdecision-making within the property sector and will be of interestto post-graduate property students, researchers and practising realestate investors. Recent years have seen some rapid developments in the globalscale and structure of real estate markets. Such transformationshave been paralleled by significant changes in the financialstructures, and processes that serve these markets, includingsophisticated new investment and finance structures and products.Examples of these include the real estate investment trusts (REIT)products that have been developed in USA, Europe and Asia, therange of unlisted products emerging in UK and Europe, and theinnovative financing structures being developed in manycountries. Global Trends in Real Estate Finance addresses thisemerging complexity and sophistication in contemporary real estatemarkets by discussing the history, merits and implications of arange of products and processes. Also examined are the changes inthe practices and environment needed to ensure the success of theseproperty products, including increased disclosure, corporategovernance, market transparency and improved skills base. Chapters are written by leading international contributors, bothacademic and practitioner. The context is explicitly international,with a focus on UK, Europe, Asia, Australia and the USA. The aim isto identify specific market areas to describe the key innovations,rather than simply providing a description of various geographicalmarkets.

The Complete Guide to Investing in REITs Real Estate Investment Trusts

Release on 2008 | by Mark Gordon

industrial and warehouse REITs, have been putting global expansion on high
priority the past few years, especially as the market slump lingers stateside.
There are several advantages a domestic REIT can capitalize on when doing
business ...

The Complete Guide to Investing in REITs Real Estate Investment Trusts
  • Author: Mark Gordon
  • Publisher: Atlantic Publishing Company
  • ISBN: 9781601382566
  • Category: Business & Economics
  • Page: 288
  • View: 289

Currently, there are nearly 200 publicly traded real estate investment trusts (more commonly referred to as REITs) in operation in the United Sates with a combined $500 billion in assets. An estimated two-thirds of REITS are traded on national stock exchanges. A REIT is a real estate company that offers its shares to the public. By doing so, a REIT stock becomes like any other stock that represents the holder s ownership in a business. However, REITs have two distinct features: REITs manage groups of income-producing properties and must distribute 90 percent of profits as dividends. The Complete Guide to Investing in REITs will teach you everything you need to know about REITs and how you can earn high rates of return. In this book, you will learn about publicly and privately held REITs, Net Asset Value (NAV), Adjusted Funds From Operations (AFFO), Cash Available for Distribution (CAD), the benefits associated with REITS, dividend reinvestment programs (DRiPs), capitalization rate, equitization, leverage, positive spread investing, securitization, and straight-lining. You will also learn about equity, mortgage, and hybrid REITs and the more specific types, including residential, office, industrial, and retail. The Complete Guide to Investing in REITs will walk you through finding the appropriate REIT for you. This book will also teach you how to manage your REIT, how to limit your personal risk, how to understand REIT performance, and how to analyze REITs. By reading this book, you will know and understand the pitfalls of investing in REITs, you will know how REITs behave as an investment class and how to best integrate them into your portfolio, and you will know what economic issues affect real estate and the effects these have on REITs. This book is not merely for the novice investor who wants to learn everything possible about real estate investment trusts; professional investors, financial planners, and investment advisors will also find valuable information in this book. Ultimately, The Complete Guide to Investing in REITs will help you stabilize and grow your portfolio and earn high rates of return by providing you with vital information and practical guidance. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

International Financial Markets

Release on 2013-09-06 | by Hung-Gay Fung

The growth of the real estate investment trusts, REITs, markets in many countries
within the past decade helped attract global capital that facilitated additional
investments in local real estate developments. Significantly, this period of time
may ...

International Financial Markets
  • Author: Hung-Gay Fung
  • Publisher: Emerald Group Publishing
  • ISBN: 9781781903124
  • Category: Business & Economics
  • Page: 194
  • View: 866

This volume contributes to a fresh perspective on the economic and finance research on international financial markets and also the commodity markets by examining various factors that affect information transmission and pricing relation in the spot and derivatives markets in the United States and internationally.

Real Estate Investment Trusts Handbook

Release on 2002 | by

Hence , there was little change in capital allocated to real estate during 2000.8
According to Salomon Smith Barney's 2000 Review , " as information has ...
REITs did not increase their leverage to generate the acceleration of growth in
2000. ... Goldman Sachs Global Equity Research , Goldman Sachs REIT Weekly ,
( Jan.

Real Estate Investment Trusts Handbook
  • Author:
  • Publisher:
  • ISBN: STANFORD:36105063201268
  • Category: Real estate investment trusts
  • Page:
  • View: 105

Investing in International Real Estate

Release on 2001 | by Mary Alice Hines

Examines the strategies of international real estate investing and provides a clear delineation of how they differ from real estate investing domestically.

Investing in International Real Estate
  • Author: Mary Alice Hines
  • Publisher: Greenwood Publishing Group
  • ISBN: 1567203752
  • Category: Business & Economics
  • Page: 293
  • View: 743

Examines the strategies of international real estate investing and provides a clear delineation of how they differ from real estate investing domestically.

Directory Mutual Funds Closed end Funds Unit Investment Trust Sponsors

Release on 1999 | by

Heitman Real Estate Portfolio investment trusts , or companies with extensive
real estate holdings . INVESCO Specialty Funds , Inc. AIM Investment Funds
Realty Fund INVESCO Variable Investment Funds , Inc AIM Global Resources
Fund ...

Directory Mutual Funds Closed end Funds Unit Investment Trust Sponsors
  • Author:
  • Publisher:
  • ISBN: PSU:000044256838
  • Category: Closed-end funds
  • Page:
  • View: 739

Membership Directory National Association of Real Estate Investment Trusts

Release on 1978 | by National Association of Real Estate Investment Trusts

National Association of Real Estate Investment Trusts. GLOBAL REAL ESTATE
INVESTMENT TRUST Henry Schneider PO Box 26 , 150 W. Beau St. Washington
, PA 15301 ( 412 ) 228-0840 Counsel : Reed Smith Shaw & McClay ; Pittsburgh ...

Membership Directory National Association of Real Estate Investment Trusts
  • Author: National Association of Real Estate Investment Trusts
  • Publisher:
  • ISBN: UOM:35128001333606
  • Category: Real estate investment trusts
  • Page:
  • View: 824

Private Real Estate Markets and Investments

Release on 2014-08-07 | by H. Kent Baker

similarities and differences between, 179–180 quality of infrastructure, global
ranking European infrastructure, quality ... 5, 14, 16, 257 public companies, 14
real estate investment trusts (REITs), 14 institutional real estate markets, 5, 13–29
.

Private Real Estate Markets and Investments
  • Author: H. Kent Baker
  • Publisher: Oxford University Press
  • ISBN: 9780199388776
  • Category: Business & Economics
  • Page: 336
  • View: 952

This book provides an overview of private real estate markets and investments. The 14 chapters are divided into three sections for conventional and alternative real estate investments and regulatory issues. Conventional investable real assets examined are retail spaces, apartments, offices, and industrial facilities owned by corporate entities. Alternative real estate assets are uniquely and extensively addressed. These include healthcare, both for facilities and the pricing to make it an investable asset; infrastructure contains roads, bridges, and public utilities; and resources are in land, agriculture, oil, and gas. The regulatory section includes appraisal and valuation, brokerage and transaction costs, sustainability, and green buildings. Readers should gain a greater appreciation of what is needed to be successful when investing in private real estate markets. The share of real estate in institutional portfolios has risen above a previous 5% target, as investors avoid the risks of low interest rates. The world's wealth is shifting to emerging markets where real estate is already a dominant asset class and public securities markets are limited. Institutions with long horizons avoid publicly traded markets because they want to capture any premium from illiquidity. Real estate involves local and cultural restrictions on land usage, sustainability and on the regulation of the illiquidity. For information about public real estate, read Public Real Estate Markets and Investments.

Globalising Worlds and New Economic Configurations

Release on 2008 | by Christine Tamásy

Chapter 7 Globalising Commercial Property Markets : The Development and
Evolution of the Listed Property Trust ... As of 2006 , the global REITs sector had
a market capitalisation of US $ 608 billion and property assets in excess of US $
890 ...

Globalising Worlds and New Economic Configurations
  • Author: Christine Tamásy
  • Publisher: Ashgate Publishing, Ltd.
  • ISBN: 0754673774
  • Category: Science
  • Page: 312
  • View: 302

This edited volume brings together theoretically-informed analysis from Asia, Europe and North America to illustrate the way in which new economic configurations have been developed and to understand individual, local and regional responses to a variety of global challenges, threats and opportunities.

India s First Ph D Thesis on REITs

Release on 2020-09-08 | by Dr. Adv. HARSHUL SAVLA

This book covers India’s first Ph.D. thesis on REITs.

India s First Ph D Thesis on REITs
  • Author: Dr. Adv. HARSHUL SAVLA
  • Publisher: Notion Press
  • ISBN: 9781648057335
  • Category: Business & Economics
  • Page: 202
  • View: 839

This book covers India’s first Ph.D. thesis on REITs. It studies the role of REITs in real estate development and its implications on consumer purchase behaviour in India. REIT or Real Estate Investment Trusts was first introduced in the USA in early 1960. An estimated 87 million Americans own REITs through their retirement savings and other investment funds. REITs in the USA have a market cap of more than 1 trillion USD. Today, more than 37 countries have REITs, including all G7 countries. Pakistan and Saudi Arabia, too, have REITs. India’s first REIT, Embassy Office Parks listed on 1st April 2019, was Asia’s largest REIT by square footage (33 million sq.ft. total portfolio area). Embassy Office Parks REIT, a joint venture between Bangalore-based property developer, Embassy Group and private equity firm Blackstone successfully raised INR 4,750 crore from the primary market and is today (January 30th 2020) trading at almost 40% premium against a backdrop of global economic volatility and low economic sentiment in India. Realty Developer K Raheja and US private equity firm Blackstone Group will be offering through an IPO, INR 3,000 crore Mindspace Business Parks REIT in 2020. REITs can be hailed as the silver lining in an otherwise gloomy prospects of the real estate sector in India.

REITs Around the World

Release on 2011-10-16 | by Richard Stooker

Your Guide to Real Estate Investment Trusts in Nearly 40 Countries for Inflation
Protection, Currency Hedging, Risk ... Therefore, my recommendaon is to buy
iShares FTSE EPRA/NAREIT Global Real Estate ex-U.S. Index ETF IFGL.
Canada ...

REITs Around the World
  • Author: Richard Stooker
  • Publisher: CreateSpace
  • ISBN:
  • Category: Business & Economics
  • Page: 174
  • View: 773

Claim Your Share of Real Estate Investment Trust (REIT) Profits From Around the World Ever since so many private real estate companies converted themselves into Real Estate Investment Trusts and held IPOs in the mid-1990s, and with the publication of the first edition of Investing in REITs: Real Estate Investment Trusts by Ralph L. Block, U.S. investors have been discovering the high dividend yields possible through investing in commercial real estate through publicly owned companies. REITs do not have to pay taxes on the income they distribute to unit holders -- and the government requires them to distribute at least 90%! This means they pay out a lot more money than ordinary corporations (who have to pay corporate taxes). REITs are cash cows. What's not so well known is that countries all over the world have been following the lead of the United States and creating their own versions of Real Estate Investment Trusts. Nearly 40 countries from Australia to Turkey have laws enabling some form of REITs, using the US as a model but ringing their own changes. By investing in foreign REITs you can: 1. Have a stream of income that's not dependent on the US dollar (or euro, or yen, or whatever your currency of residence is). By investing in foreign REITs, you get income in a large variety of other currencies, which may be going up in value as the US dollar falls. The two largest, oldest and most mature REIT countries in the world behind the US are Canada and Australia. Which two countries in the world have recently seen the value of their currencies go up dramatically? Canada and Australia. But Canadians and Australians needs apartments, office buildings and shopping malls just like everyone else. By buying shares of their REITs, you can get yourself some Canadian and Australian dollars. Two other kinds of dollars are going up in value -- both from busy and booming Asian port cities -- Hong Kong and Singapore. And both Hong Kong and Singapore have some great Real Estate Investment Trusts. 2. Have a stream of income from economic activity that may be up while your local area is down. Most people's jobs are dependent upon their local economy. However, when business is slow in your area, it may be great in Paris, Dubai or Kuala Lumpur. We also know that while the entire U.S. real estate market can be slow, real estate in other countries may still be booming. 3. Worldwide inflation protection Well run REITs will do all they can to increase their net incomes, including raise rents to keep up with inflation -- wherever they are located. Ever wanted to benefit from Japanese people paying rent for their apartments? Or from businesses paying for offices in prestigious districts of Paris? Or from tourists buying clothes in the trendy shops of Soho London? Or from jet setters tanning themselves at Mediterranean luxury resorts? Or from Australian wine vinyards? Or even from Bulgarian farmers renting land to grow wheat on? Or from drinkers having a pint in AB InBev's chain of European pubs? From the warehouses and shipping docks of China? Now you can! In the last chapter you learn the investments that you can tell your broker to buy for you to profit from REITs around the world. It's simple, easy and -- in this globalized world of international financial crises, a smart move to protect you and your family's wealth.