REITs on a roll
Article Abstract:
The value of real estate investment trusts (REITs) have grown to $159 billion by 1998, from $10 billion in 1992. It is predicted many US REITs will take advantage of the recovery in the European property market and find new avenues for investment in Europe. Some REITs are planning to invest in European property whilst others are encouraging Europeans to invest in the US. REITs tend to favour the purchase of properties with high yields, such as hotels, industrial premises and nursing homes. REITs were started in the US in order to open up the property investment market to small investors.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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Dollar deluge
Article Abstract:
US property investors are gearing up to take advantage of the European market's high yield and growth prospects. New York-based investment bank Nomura Capital has announced its intention to establish a European real-estate investment arm with planned investments of some $20 billion, while Patradium, a subsidiary of CS First Boston, is said to be planning to invest in the UK and mainland Europe. The most common reason given by US investors for their activity in Britain is high yields, closely followed by growth potential.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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Fresh frontiers
Article Abstract:
US real estate investment trusts (REITs) are expanding into Europe. Property analysts expect them to work with local joint venture partners as they expand. REITs including Security Capital Industrial Trust, Shurgard Storage Centers and the Simon Debartolo Group are actively extending their portfolio of business and industrial properties in Europe. Average profit margins of between seven and eight percent are anticipated.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
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