real estate investment trusts reits becoming a virtual landlord

... was left with painful financial losses and a negative outlook on real estate as an investment Many small investors view real estate as an institutional arena Given the large amount of capital ... of taxmotivated real estate investments Real estate developers and promoters were often thought of as hucksters and charlatans, and many were Developers also got a bad reputation as real estate ... Preface Acknowledgments xi xv PART Getting Started in REITs Chapter Real Estate as an Asset Class Chapter The History of Real Estate Investment Trusts 15 Chapter REITs as an Asset Class 27 Chapter REITs...

Ngày tải lên: 05/11/2014, 14:30

... the global real estate market, national real estate market, regional real estate markets and local real estate markets to identify optimal geographic areas and/or real estate sectors for investment, ... sector and geography REITs may focus on being real estate owners and/or real estate developers and/or real estate fund managers and may be internally managed or externally managed Similarly, REITs ... 7:26:59 PM About the Author David Parker is an internationally recognised real estate industry expert and highly regarded real estate academic, being a director and adviser to real estate investment...

Ngày tải lên: 05/11/2014, 14:30

... Yuan, Tang Cheng Keat, Omokolade Ayodeji Akinsomi, Zhao Daxuan, Zhang Huiming, Guo Yan, Wang Yourong, Zhou Xiaoxia, He Jia, Qiu Leiju, Radheshyam Chamarajanagara Gopinath, Deng Xiaoying, He Yajie, ... against the database from the National Association of Real Estate Investment Trusts (NAREIT) I also restrict my sample to equity REITs, and include both currently active and inactive REITs to avoid ... outlooks are captured by the dummy variables ROPos that indicates a positive rating outlook leading to a potential rating upgrade, and RONeg that indicates a negative rating outlook leading to a potential...

Ngày tải lên: 09/09/2015, 11:10

... research by conversing with graduate students; in particular, I thank Radheshyam Chamarajanagara Gopinath, Zhao Daxuan, Omokolade Ayodeji Akinsomi, Wei Yuan, Li Qing and Zhang Huiming Financial ... commercial real estate lending exposures, significant questions remain as to how REITs and large commercial real estate companies will manage over the next 12-24 months.” – SNL Real Estate and SNL ... a primary concern of financially constrained REITs is their ability to access capital and maintain adequate liquidity to refinance maturing loans and fund capital expenditures Scholars have theorized...

Ngày tải lên: 10/09/2015, 08:23

... UK Korea Korea Japan Japan Indonesia Indonesia India India Germany Germany Canada* Canada* Brazil Brazil Australia Australia A temporary shock to China’s real estate Significant Peak Impact on ... Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Mexico Russian Federation Saudi Arabia South Africa Korea Turkey UK US EU Weighted average Remark: A one-standard-deviation ... Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver Haver IFS Haver Haver Haver Haver Haver Haver Haver IFS Haver IFS Haver Haver Haver Haver...

Ngày tải lên: 05/11/2014, 14:34

... investing is to have a plan and follow through Know your limits especially your financial limits! The pre-approval process from a bank is a great way to know what you can and cannot afford as an investor ... residential real estate A savvy investor realizes that coastal properties and other highly desirable properties rarely cash flow well as rentals Not all that glitters is gold! Buying investment ... becomes way too strong According to conventional wisdom, the three most important elements of real estate are “Location, Location, Location” This may apply to commercial real estate, but far less...

Ngày tải lên: 22/02/2014, 12:20

... for Real Estate Investment Funds While the real estate market has yet to experience a real recovery, fund investment in real estate appears to be experiencing a cautious but marked rejuvenation, ... within a real estate fund Investment in U.S Real Estate Structuring Summary Chart Investor Classification Rental Real Estate – Fractions Rule Compliant (all passive, no services, incidental personal ... in real estate, debt restructurings, and alternative energy and has served as a member of the AICPA’s Partnership Technical Resource Panel and a project leader for the American Bar Association...

Ngày tải lên: 16/03/2014, 17:20

... Sàrl capital calls may only be made by way of capital commitments as partly paid shares are not allowed If the SICAF is set up as a SA, SCA or SCS, capital calls can be organized through capital ... Securitization company Partly paid shares are not allowed for the Sàrl and SCoSA so capital calls must be organized through capital commitment If the company is set up as a SA or SCA, capital calls can ... corporate forms As per the SIF law, the fund may be established as a contractual fund (FCP) or an investment company with variable share capital (SICAV) or fixed share capital (SICAF) The SIF law...

Ngày tải lên: 30/03/2014, 12:20

... 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 ... politics A book of this nature needs a real mathematician and Marlyn played that role magnificently Tom Zeller and Andreas Lauschke are two very talented Mathematica programmers at Wolfram Research ... stretching away from a high rent location Real estate data always has some location attribute In the past that attribute was its street address Later, a zip code was added Recently, longitude and latitude...

Ngày tải lên: 01/06/2014, 11:30

... 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 ... politics A book of this nature needs a real mathematician and Marlyn played that role magnificently Tom Zeller and Andreas Lauschke are two very talented Mathematica programmers at Wolfram Research ... understanding of how real estate adds to and fits into the overall economic picture Practitioners Lenders and managers of large real estate portfolios, many of whom originate real estate data, will...

Ngày tải lên: 20/06/2014, 18:20

... produce a bid rent surface for the entire city that Private Real Estate Investment TABLE 1-2 Land Mass in Square Miles Allocated to Different Uses com area indI area res area indII area agr area 28.27 ... stretching away from a high rent location Real estate data always has some location attribute In the past that attribute was its street address Later, a zip code was added Recently, longitude and latitude ... over-regulation and its affect on other municipal services 19 20 Private Real Estate Investment  Review a case study using actual data in a real setting to illustrate how land users may deal with local...

Ngày tải lên: 20/06/2014, 18:20

... sale, the equation contains a constant, the final loan balance This would certainly be a constant when the loan has a fixed interest rate If the loan carried a variable rate of interest, an equation ... for positive leverage, capitalization rate > interest rate 85 Fundamental Real Estate Analysis TABLE 4-3 Initial Cash Flow with Loan Interest above and below the Capitalization Rate cri ¼ 0936 ... 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...

Ngày tải lên: 20/06/2014, 18:20

... tempting to claim that the epigram for this chapter 119 120 Private Real Estate Investment makes as much a statement about the participants in the real estate market as about the returns their investments ... Thompson Learning CHAPTER Uncertainty: Risk in Real Estate Real Estate is NOT Normal: A fresh look at real estate return distributions Article by Michael S Young and Richard A Graff published ... of random variables Transformations can make an otherwise intractable problem manageable At a minimum, one should know that certain transformations are ‘‘shape preserving.’’ Thus, after transformation,...

Ngày tải lên: 20/06/2014, 18:20

... income approach to value THE CAPITALIZATION RATE APPROACH VERSUS MORTGAGE EQUITY APPROACH THE The traditional, older, capitalization rate appraisal approach values the property as a whole, as if ... to propose a correction, but at the same time make a point about how far one may go to mathematically model a process MAKING VACANCY AND RENTAL RATES REASONABLE Recall that we complained of the ... manager chooses to manage, the size of those properties, and the distance between them Initially, we will assume that management fees realized are calculated as a rate per unit In actual practice...

Ngày tải lên: 20/06/2014, 18:20

... interest rate (i), but a second variable, term (t) The equation for the amount required to retire a $1 loan produces what we call ‘‘the constant.’’ As most real estate loans are based on 30-year amortization ... range We illustrate a reasonable range of capitalization rate as 0.06 to 0.11 The picture changes if the capitalization rate range changes There is one and only one point in the west wall shadow ... prepared to make that forecast, only anecdotal evidence supports this claim at present Real estate, like other hard assets (gold, rare coins, art, etc.), is considered a safe harbor when financial...

Ngày tải lên: 20/06/2014, 18:20

... stretching away from a high rent location Real estate data always has some location attribute In the past that attribute was its street address Later, a zip code was added Recently, longitude and latitude ... over-regulation and its affect on other municipal services 19 20 Private Real Estate Investment  Review a case study using actual data in a real setting to illustrate how land users may deal with local ... deceased rich uncle a large productive banana plantation providing me an ample supply of bananas I still have the craving love of bananas, but what has changed is what I am willing to trade for...

Ngày tải lên: 20/06/2014, 20:20

... Barron's Real Estate Dictionary: Real Estate Investment Trust: an investment trust that owns and manages a pool of commercial properties and mortgages and other real estate assets; shares can ... associated with land Real estate market is place or means for purchasing and transactions of real estate and related properties [2]  Real estate business activities: includes real estate business ... broad capital mobilization to form an investment type that can meet very large capital demand for real estate projects and at the same time support banks and primary real estate development companies...

Ngày tải lên: 09/01/2015, 09:40

... the real estate fundamental analysis (as it relates to the leasing markets such as rental income) and investment analysis (asset related, such as real estate asset return) The real estate markets ... to a better understanding of real estate investment risk and real estate asset pricing This research seeks to generate risk measures for direct real estate that can be used in real estate investment ... significant and can offer promising scholarly investigative research in real estate finance, particularly in such areas as the direct real estate expected return estimation, REITs (Real Estate See Campbell...

Ngày tải lên: 11/09/2015, 16:07

... significant implications on whether non -real estate companies should divest their non-core real estate assets, and outsource their real estate needs to professional real estate firms with specialized ... information asymmetry Finally, although real estate market has developed a unique set of contracts, such as mortgages, leases, to resolve the contracting problem, real estate markets create greater ... other real estate scholars also recognize that since Quasi-rent is a common element in real estate investment, there may be an opportunity for the slack in strict governance in real estate investment...

Ngày tải lên: 04/10/2015, 17:04

... for-sale ads they write A 66 The Ku Klux Klan and Real- Estate Agents phrase like “well maintained,” for instance, is as full of meaning to an agent as “Mr Ayak” was to a Klansman; it means that a ... a realestate ad is bad news for sure, a bid to paper over real shortcomings with false enthusiasm 68 The Ku Klux Klan and Real- Estate Agents If you study the words in ads for a real- estate agent’s ... largest financial transaction in your life, and that you probably have scant experience in real estate, and that you may have an enormous emotional attachment to your house, there are at least two...

Ngày tải lên: 17/10/2013, 18:20