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ISBN:9780786300020

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简介

Summary: Publisher Summary 1 Explains a system by which individual and institutional investors can participate in the US commercial real estate markets. Discusses such aspects as business strategies and management techniques in the real estate investment trust industry, portfolio management as practiced by major investors, financial policies, the legal and regulatory environment, opportunities as mergers accelerate, marketing to institutional investors, and prospects for the future. Annotation c. by Book News, Inc., Portland, Or.   Publisher Summary 2 Real estate investment trusts (REITs) make commercial real estate profits available to everyone! REITs are one of the hottest and most potentially lucrative investment vehicles in the market today. Find out how you can take advantage of these increasingly popular securities in the powerful new book Real Estate Investment Trusts. Professionals Richard T. Garrigan and John F.C. Parsons have gathered over 20 of todayÕs most influential opinion leaders to explain how investors both large and small are beating the S&P 500 with REITs, how these REITs combine superior income and growth with relative safety, behind-the-scenes information on how to assemble and launch a successful REIT, and statistical support for market confidence in the long-term appreciation potential of REITs. Whether you are a real estate investment professional seeking comprehensive information on todayÕs REIT operational requirements; an investment professional needing to better understand REITs; or an individual investor interested in diversifying your own portfolio into real estate, Real Estate Investment Trusts will open your eyes to the incredible opportunities available in todayÕs REIT market. Order this well-researched, interesting and informative book   Publisher Summary 3 Real estate investment trusts (REITs) make commercial real estate profits available to everyone! REITs are one of the hottest and most potentially lucrative investment vehicles in the market today. Find out how you can take advantage of these increasingly popular securities in the powerful new book Real Estate Investment Trusts. Professionals Richard T. Garrigan and John F.C. Parsons have gathered over 20 of today脮s most influential opinion leaders to explain how investors both large and small are beating the S&P 500 with REITs, how these REITs combine superior income and growth with relative safety, behind-the-scenes information on how to assemble and launch a successful REIT, and statistical support for market confidence in the long-term appreciation potential of REITs. Whether you are a real estate investment professional seeking comprehensive information on today脮s REIT operational requirements; an investment professional needing to better understand REITs; or an individual investor interested in diversifying your own portfolio into real estate, Real Estate Investment Trusts will open your eyes to the incredible opportunities available in today脮s REIT market. Order this well-researched, interesting and informative book today.  

目录

Foreword
Preface
Acknowledgments
The Emergence of REITs in the U.S. Real Estate Market
The Modern Real Estate Investment Trust Industry: An Overview p. 3
Going Public: The Formation of a REIT p. 9
REITs and the Regulatory Environment
REITs as Legal Entities p. 31
Federal Taxation of Real Estate Investment Trusts p. 83
Overview of the State Tax Concepts Affecting REITs p. 131
Business and Financial Strategies of REITs
The CEO's Perpective p. 159
REITs and Commercial Lenders: The Evolving Relationship p. 170
Life Insurance Companies' Investments in REITs p. 195
REIT Mergers and Acquisitions p. 208
REIT Governance for Directors and Trustees p. 229
Investor Relations p. 253
Investment Analysis of REITs
The Historical Behavior of REIT Returns: A Capital Markets Perspective p. 277
The Historical Behavior of REIT Returns: A Real Estate Perspective p. 306
Financial Analysis of REIT Securities p. 339
Public and Private Real Estate: Performance Implications for Asset Allocation p. 371
Institutional Investor Strategies
REITs and Institutional Investors p. 413
REIT Investment Strategy: The Pension Fund Perspective p. 437
The Emergence of U.S. REITs Viewed from a Global Perspective p. 447
Index p. 467

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