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.
A propos de l’auteur
Professor David Parker (www.davidparker.com.au) is an
internationally recognised expert on both the theory and practice
of REITs, being a consultant to the REIT industry
internationally.
He is Professor of Property at the University of South Australia,
an Acting Commissioner of the NSW Land and Environment Court and a
REIT director, adviser, author and expert witness.