A REIT Assessment

What kind of stocks are real estate investment trusts or REITs? This issue is not so much about key questions as it is about examining comparative aspects of pricing patterns in public and private real estate financing markets, the long-term advantages REITs may or may not enjoy and what forces would help real estate equity markets to improve over the long term.

Contents

No. 2 Winter 2000

From the Editors

Essays

ASSESSING REITs
The Future Role of REITs in Real Estate Finance Anthony Downs
The REIT Vehicle: Its Value Today and in the Future
Joseph Gyourko
Todd Sinai
The Future of Real Estate Investment Trusts
Ron M. Donohue

For The Record

The 1998 Newman Institute Finance Conference
A Full Day on REITs

The Steven L. Newman Real Estate Institute

BARUCH COLLEGE,
CITY UNIVERSITY OF NEW YORK
The BS Program
The Certificate Program
The School of Public Affairs