Global Real Estate Investment Trusts
People, Process and ManagementeBook - 2012
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.