Credit ratings and real estate investment trusts

... of real estate and corporate finance, with a particular focus on REITs and credit ratings The research focus of my thesis is on the relation between corporate management and their credit ratings, ... attention has been given to the credit ratings of Real Estate Investment Trusts (REITs) Due to the unique features and regulations of REITs, issues on credit rat...

Ngày tải lên: 09/09/2015, 11:10

... and benefits of relationships, the specific sources of the value of relationships are ambiguous In this study, we investigate the value of relationships in Real Estate Investment Trusts (REITs) ... cover the following aspects of relationships: (a) the insurance value of relationship banking; (b) the value of sponsor backing at the time of...

Ngày tải lên: 10/09/2015, 08:23

... Private Real Estate Investment Data Analysis and Decision Making Private Real Estate Investment Data Analysis and Decision Making Roger J Brown, PhD Director of Research Real Estate and Land ... context of real estate data limitations This will enhance understanding of how real estate adds to and fits into the overall economic picture Practitioners...

Ngày tải lên: 20/06/2014, 18:20

... excellent data gatherers and providers; some are independent firms, and some are in-house for major real estate companies It is to these industry support groups we direct a final appeal As real estate data ... instructed by the CEO of an REIT or real estate fund to visit a new city and investigate real estate opportunities there, an acquisition team may first consult d...

Ngày tải lên: 20/06/2014, 18:20

... limitations of data require to resort to a return metric of this nature for Tier II investment real estate What we would like is a real estate equivalent process that can be used for analyzing real estate ... all of real estate risk with mathematics Despite improving our data and the tools we use to analyze it, there will always be a subjective aspect of risk evaluation...

Ngày tải lên: 20/06/2014, 18:20

... Estate Real Estate is NOT Normal: A fresh look at real estate return distributions Article by Michael S Young and Richard A Graff published in the Journal of Real Estate Finance and Economics ... market for private (Tier II) real estate investments  Explore distributions that may be more useful for Tier II real estate  Revisit the concepts of determinism and un...

Ngày tải lên: 20/06/2014, 18:20

... Institute of Real Estate Management (1991) Principles of Real Estate Management Chicago, IL: Institute of Real Estate Management 208 204 Private Real Estate Investment Jensen, M C , and Meckling, ... LO AND BEHOLD!! A PATTERN!! 208 206 Private Real Estate Investment 0.5 0.4 0.3 0.2 0.1 0.2 0.4 0.6 0.8 FIGURE 8-11a Plot of economists’ predictions and outcomes We...

Ngày tải lên: 20/06/2014, 18:20

... (9-5) to introduce the reality of monthly payments and principal amortization into the story Most real estate loans amortize, most real estate lenders use the full principal and interest payment ... REFERENCES Brueggeman, W B and Fisher, J D (2001) Real Estate Finance and Investments (11th ed.) McGraw-Hill Irwin, New York Lusht, K M., (2001) Real Estate Valuation, Prin...

Ngày tải lên: 20/06/2014, 18:20

... excellent data gatherers and providers; some are independent firms, and some are in-house for major real estate companies It is to these industry support groups we direct a final appeal As real estate data ... instructed by the CEO of an REIT or real estate fund to visit a new city and investigate real estate opportunities there, an acquisition team may first consult d...

Ngày tải lên: 20/06/2014, 20:20

... presents a theoretical and empirical investigation of the non-linear exposure measurements of direct real estate systematic risk and direct real estate total risk under the ex ante duration risk, the ... duration model Further modeling of other real estate investment risks like the low partial moment (LPM), the systematic risk, the total ri...

Ngày tải lên: 11/09/2015, 16:07

... important elements of real estate are “Location, Location, Location” This may apply to commercial real estate, but far less so when it comes to residential real estate A savvy investor realizes that ... great investment into a money pit #3 Failing to get a home inspection Some people are the “know-it-all” type and seem to know more than they really Others have legitimate expertis...

Ngày tải lên: 22/02/2014, 12:20

... corporate credit ratings relevant to investors concerned about credit risk We show that ratings relate to two economically di¤erent aspects of credit risk: raw default probability (expected payo¤) and ... assess the suitability of credit ratings or embark on a search for alternatives, it is important …rst to understand what credit ratings measure Conventionally, credit...

Ngày tải lên: 06/03/2014, 08:20