Preface | |
Contributors | |
Products | |
Global REITs universe continues to expand and develop | |
Global core real estate universe: $8 trillion and growing | |
Why have REITs succeeded? | |
REIT proliferation: thriving in 18 countries and counting | |
Early growth cycle: only the tip of the iceberg | |
Relative risk and return | |
The US real estate investment trust (REIT) market | |
Introduction | |
The evolution of US REITs | |
US REITs: creation to 1993 | |
US REITs: the Modern Era | |
The investment performance of REITs | |
The future of REITs | |
Progress on REIT regimes in Europe | |
Introduction | |
Developments in France: SIIC 2/3/4 and the OPCI | |
OPCI: 'the non-listed SIIC' | |
The German REIT | |
The UK REIT | |
EU law and REITs: what are the issues? | |
Listed Property Trusts in Australia | |
Background to LPTs | |
LPT regulatory framework | |
LPT profile | |
LPT performance analysis | |
Recent issues in the strategic development of LPTs | |
Changing LPT and property landscape in 2007-2008 | |
Conclusion | |
Asian REITs: playing the yield game | |
REIT markets in Asia | |
Ways to enhance distribution yield | |
Yield-accretive acquisitions | |
Conclusion | |
European real estate unlisted vehicles: a mature market now or is there more to come? | |
Introduction | |
Characteristics of European real estate unlisted vehicles | |
Performance of European real estate unlisted vehicles | |
Management fees | |
Discussion and conclusion | |
Constructing a Global Real Estate Investment Index | |
Introduction | |
Top down or bottom up? | |
Rolling out national market indices | |
The first IPD multi-market index - the pan-European ...and finally the world - IPD's first global index | |
Property derivatives | |
Introduction | |
The history and innovation behind the property derivatives market | |
The drivers for change | |
Pricing and underlying index activity | |
Alternative indices and products being traded | |
Has the market achieved the results expected of it? | |
How have derivatives changed the market place? | |
Future expectations, unintended consequences and lessons learned | |
Conclusions | |
Property markets in central and eastern Europe | |
Introduction | |
Development of real estate markets | |
Property markets, data availability and economic competitiveness | |
Bank lending on property in central and eastern Europe | |
Conclusions | |
Islamic finance and Shariah compliant real estate investment | |
Introduction | |
Defining SCI | |
Shariah funds in the research agenda | |
Conclusion | |
Processes | |
Socially responsible property investment - background, trends and consequences | |
Introduction | |
Social responsibility and sustainable development - background | |
The principles for responsible investment | |
Trends and concepts within the property market | |
The benefits of sustainable buildings and of SRIs | |
Criteria and assessment tools | |
Realisation of SRPIs | |
Implications for property professionals | |
Conclusion and recommendations | |
Corporate governance in the real estate industry | |
Introduction | |
Reasons for the rising importance of corporate governance | |
Existing corporate governance principles for the real estate industry | |
Impact of corporate governance on firm value | |
Research agenda for corporate governance in the real estate industry | |
Appendices | |
The future of real estate education | |
Introduction | |
The demand for real estate skills | |
Paradigms for real estate education | |
A real estate body of knowledge | |
The methods of real estate education | |
The future of real estate education | |
Index | |
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