Global real estate investment trusts : people, process and management / David Parker.

Format:

Book

Author/Creator:

Parker, David, professor

Series:

Real Estate Issues

Language:

English

Subjects (All):

Real estate investment trusts--Management.

Real estate investment trusts.

Real estate investment.

Physical Description:

1 online resource (324 p.)

Edition:

1st ed.

Place of Publication:

Chichester, West Sussex ; Ames, Iowa : Wiley-Blackwell, 2012.

Language Note:

English

Summary:

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

Contents:

Global Real Estate Investment Trusts: People, Process and Management; Contents; About the Author; Foreword; Preface; Acknowledgments; Introduction; 1 Envisioning; 1.1 People and process; 1.1.1 People; 1.1.2 Process; 1.1.3 People and process; 1.2 REITs: an introduction; 1.2.1 Transparency in governance; 1.2.2 REIT models; 1.2.3 REITs: summary; 1.3 Preparing Phase; 1.4 Envisioning Stage; 1.5 People; 1.5.1 Governing Entity; 1.5.2 Chief Executive Officer (CEO); 1.5.3 Chief Financial Officer (CFO); 1.5.4 Support Teams; 1.5.5 Fund Management Team; 1.5.6 People; 1.6 Vision; 1.7 Style

1.7.1 Active vs. passive 1.7.2 Top down vs. bottom up; 1.7.3 Value vs. growth; 1.7.4 Core, value added and opportunistic; 1.7.5 Style; 1.8 Goals; 1.9 Strategic Plan; 1.9.1 Strategic models; 1.9.2 Strategic planning process; 1.9.3 Strategic Plan; 1.10 Objectives; 1.11 Super REIT; 1.12 Summary; 1.13 Key points; References; 2 Planning; 2.1 People; 2.1.1 Portfolio Management Team; 2.1.2 Strategy Team; 2.1.3 Research Team; 2.2 Property Portfolio Strategy; 2.2.1 Targeting risk-return performance; 2.2.2 Properties vs. portfolios; 2.2.3 New vs. existing portfolios; 2.2.4 Iterative process

2.2.5 Property Portfolio Strategy 2.3 Strategic Asset Allocation; 2.3.1 Modern portfolio theory; 2.3.2 Capital market theory and the Capital Asset Pricing Model; 2.3.3 Strategic Asset Allocation; 2.4 Tactical Asset Allocation; 2.4.1 Spatial based approaches; 2.4.2 Style based approaches; 2.4.3 Other approaches; 2.4.4 Tactical Asset Allocation; 2.5 Stock Selection; 2.5.1 Generic criteria; 2.5.2 Specific criteria; 2.5.3 Stock Selection; 2.6 Asset Identification; 2.6.1 Market efficiency; 2.6.2 Information processing; 2.6.3 Asset Identification; 2.7 Super REIT; 2.8 Preparing Phase; 2.9 Summary

2.10 Key points References; 3 Dealing; 3.1 People; 3.1.1 Capital Transactions Team; 3.2 Preliminary Negotiation; 3.3 Preliminary Analysis; 3.3.1 Qualitative Preliminary Analysis; 3.3.2 Quantitative Preliminary Analysis; 3.3.3 Preliminary Analysis; 3.4 Structuring; 3.4.1 Structuring the commercial transaction; 3.4.2 Structuring the funding transaction; 3.4.3 Documenting the proposed transaction; 3.5 Advanced Financial Analysis; 3.5.1 Target rate of return; 3.5.2 Theoretical basis of mis-pricing; 3.5.3 Pricing models; 3.5.4 Decision rule; 3.5.5 Advanced Financial Analysis

3.6 Portfolio Impact Assessment 3.6.1 Risk-return balance; 3.6.2 Portfolio metrics; 3.6.3 Short form documentation; 3.6.4 Portfolio Impact Assessment Step; 3.7 Super REIT; 3.7.1 Preliminary Negotiation; 3.7.2 Preliminary Analysis; 3.7.3 Structuring; 3.7.4 Advanced Financial Analysis; 3.7.5 Portfolio Impact Assessment; 3.7.6 Outcomes of implementing the Dealing Stage; 3.8 Summary; 3.9 Key points; References; 4 Executing; 4.1 People; 4.1.1 Investor Interface Team; 4.2 Governance Decision; 4.2.1 Delegation of authority; 4.2.2 Information required by decision maker; 4.2.3 Governance Decision

4.3 Transaction Closure

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-283-45420-3

9786613454201

1-118-25655-7

1-4443-9879-2

OCLC:

775873098