Advanced Search
MyIDEAS: Login

The Five Overlooked Features of the Real Estate Capital Markets

Contents:

Author Info

  • Bernard Winograd
Registered author(s):

    Abstract

    More than five years ago, in the inaugural issue of the Wharton Real Estate Review, Peter Linneman published "Forces Changing the Real Estate Industry Forever." How have Linneman’s arguments held up? REITs have not yet gained significant advantages in rais-ing debt or equity capital, as he foretold, but transparency has resulted in lower capital cost. Rational pricing has not brought an avalanche of capital to REITs; capital for devel-opment remains a private sector endeavor. Finally, certain real estate capital sources seem bound to private markets. But Linneman got it absolutely right when he observed that REITs had created a revolution.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://realestate.wharton.upenn.edu/papers/full/423.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Paper provided by Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania in its series Zell/Lurie Center Working Papers with number 423.

    as in new window
    Length:
    Date of creation:
    Date of revision:
    Handle: RePEc:wop:pennzl:423

    Contact details of provider:
    Postal: 256 South 37th Street, Philadelphia, PA 19104-6330
    Phone: 215.898.9687
    Fax: 215.573.2220
    Email:
    Web page: http://zell-lurie-center.wharton.upenn.edu/working.html
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:wop:pennzl:423. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.