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2014•Palgrave Macmillan UK eBooksRequires access

Real Estate Investment Trusts

Gianluca Mattarocci

Open publisher page 1 citations

Abstract

While the first REITs, as we know them today, were only created in 1961, after the promulgation of the Real Estate Investment Trust Act (Bailey, 1966), the current real estate investment trusts (REITs) originated from the business trust that first appeared in Massachusetts around 1850. The great market success of REITs can be ascribed to their low correlation with the performance of other financial instruments (mainly bonds and shares) and the link between their performance and that of direct real estate investments (Giliberto, 1990). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

About this research paper

What this paper is about

While the first REITs, as we know them today, were only created in 1961, after the promulgation of the Real Estate Investment Trust Act (Bailey, 1966), the current real estate investment trusts (REITs) originated from the business trust that first appeared in Massachusetts around 1850. The great market success of REITs can be ascribed to their low correlation with the performance of other financial instruments (mainly bonds and shares) and the link between their performance and that of direct real estate investments (Giliberto, 1990). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Available abstract

While the first REITs, as we know them today, were only created in 1961, after the promulgation of the Real Estate Investment Trust Act (Bailey, 1966), the current real estate investment trusts (REITs) originated from the business trust that first appeared in Massachusetts around 1850. The great market success of REITs can be ascribed to their low correlation with the performance of other financial instruments (mainly bonds and shares) and the link between their performance and that of direct real estate investments (Giliberto, 1990). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Key concepts: Real estate investment trust, Promulgation, Business, Investment (military), Real estate, Capitalization rate, Estate, Finance

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