Securitization shuffle. (real estate securities): An article from: Journal of Property Management

This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on November 1, 1995. The length of the article is 1847 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The poor performance of real estate securities in 1995 is raising questions regarding the availability of capital for real estate investments and viability of such investments. Real estate investment trusts (REITs), for instance, performed well below equity investments. For the first six months of the year, the Standard & Poor's 500-Stock Price Index grew by 20.2% while the REIT index showed total return of only 7.8% for the same period. Some attribute the weak performance of this investment vehicle to such factors as the tarnished image of the REIT industry and the mispricing of issues. Commercial mortgage-backed securities also had a miserable year. Given the current rate of issuance, the total volume of new issues for 1995 may only reach $15 billion, instead of the expected $20 billion. The market's decline was driven partly by higher bond yields.

Citation Details
Title: Securitization shuffle. (real estate securities)
Author: Ronald Litke
Publication:Journal of Property Management (Refereed)
Date: November 1, 1995
Publisher: Institute of Real Estate Management
Volume: v60 Issue: n6 Page: p42(3)

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