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The best book on REITs got even better,
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This review is from: Investing in REITs: Real Estate Investment Trusts (Hardcover)
The earlier editions of this classic work have served as the bible for REIT investors for many years. Much of the material in those earlier versions applies even today. Now, with this new 4th edition we get additional perspectives -- for example, how REITs managed through the tumultuous events of the past few years, plus an especially informative new chapter on investing in global REITs.
The writing is easy to follow even though the subject matter can be complex at times. Although it is written so a beginner can understand, it is not just for novices. This is a valuable reference work for seasoned REIT investors as well.
The book is divided into four well-organized sections:
1) The general characteristics of REITs, how they compare to other investments, how legislation has molded REITs (updated with the latest developments), and the types of REITS and the cycles they go through.
2) The history of REITs and their performance, as well as some common myths about REITs debunked.
3) Ways to value REITs and how to think about them in your portfolio. This section includes the invaluable new chapter on global REIT investing -- how the REIT revolution spread internationally, and the practicalities of investing outside the US.
4) The risks of REIT investing and the author's vision of the future of REITs.
If you are new to REITs and want to learn more about them, or if you are an experienced REIT investor looking for ideas, or if you are looking for the definitive REIT reference, this book offers a clear, concise, informative solution. Highly recommended!