Real Estate Investment Trusts: Structure, Performance, and Investment Opportunities

by Su Han Chan, John Erickson, Ko Wang

The book offers broad understanding and unique insights into the REITs industry. Its scope is to analyze and synthesize the existing scholarly research on REITs in a way that will enable managers to improve their investments decisions and the operating performance of their REITs. It also provides up-to-date original research on REITs based on the authors' own database, which is the most extensive data base available on REITs that is free of suvivorship bias. This book helps investors evaluate REITs and identify those with the greatest investment potential. Finally, it provides the reader with a detailed discussion of likely future changes anticipated for this unique invetment vehicle.

Genres: Finance, Business

230 pages, Hardcover

First published January 1, 2002

Reviews

[Joseph Calev · Rating 4 out of 5]

An interesting overview of REITs.

[Martin · Rating 4 out of 5]

This is a very well written book. Often with dry subject matter like this and an academic bent to the material, one plans to be bored into a brain cramp. Here the authors' excellent command of the language lead to wonder, "Could these guys write fiction?" 5 stars on this point.

The material is well-covered. It was written before the real estate crash of '07-'08, and therefore the biggest downturn they cover is the fallout from the early 90's S&L Crisis. I am certain that if they revisited their own work they'd be down on leverage.

The one big weakness of the book is that the authors' assume what is good for the firm is good for the executives. REITs get too big because CEO pay is based on size. They missed that.

Thumbs down to the book designer, he or she has left the font much smaller than it should be, while the white space is much too big.

Well worth the time.