As real estate investment trusts continue to grow exponentially in Asia
and Europe - being already well established in the USA and Australasia -
a comprehensive guide to the issues involved in REIT property investment
decision making is badly needed.
This book draws together the most recent developments in REIT management
from academic research and professional practice. It is based on
current, original academic research, including structured interviews
with the managers of a wide range of different types of REITs as well as
the research and publications of others, together with the author's 25
years experience in REIT management. It provides a theoretically robust
and practically relevant up to date guide to the property investment
decision making process for REITs.
Presenting new insights, the author breaks the REIT property investment
decision making process down into three phases comprising six stages
with 30 sequential steps. Each chapter focuses on one stage of the
property investment decision making process and introduces the key
people in the REIT management team relevant to the activities in that
chapter. The theory and principles are considered and illustrated by
application to Super REIT, a $15bn diversified REIT.
Global Real Estate Investment Trusts: People, Process and Management
fuses not only how REITs should undertake property investment decision
making - based on how it is undertaken and the underlying property
theory, capital market theory and finance theory - but also why each
part of the decision making process is important.
This book provides the first sole-authored scholarly work specifically
on REITs as a business enterprise and REIT property investment decision
making as an holistic and cyclical process. The focus is on principles,
making it relevant in each of the four major REIT markets around the
world: USA, Europe, Asia and Australasia.
An essential book for REIT managers and all those practising
professionals involved in the REIT industry - including property
practitioners, researchers, lawyers, accountants, bankers and directors
around the world.
