2. The following quote is taken from a September 2011 report by Morningstar regarding the performance of
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2. The following quote is taken from a September 2011 report by Morningstar regarding the performance of commercial real estate through publicly traded equity REITs and private equity real estate funds:
The actual performance records now available reveal that publicly traded equity REITs provide a significant investment return premium compared with private equity real estate funds, as well as other public market attributes of liquidity, transparency, monitoring and access to public debt and equity financing.15 Explain what is meant by “as well as other public attributes.”
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Foundations Of Global Financial Markets And Institutions
ISBN: 9780262039543
5th Edition
Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann
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