13. One of the key points in understanding the positive aspect of REIT inclusion in a portfolio is that of a. High growth potential b. Greater volatility with accompanying potential for greater return c. Comparable investment profile similar to a publicly traded tech stock d. fairly low correlations with those other investable and publicly traded asset classes a. 14. When is the Modern REIT era to have started per Block? 1960s b. 1980s c. 1990s d. 2000s 15. Which of the following is NOT a requirement of REITs? a. A REIT must have at least 100 stockholders b. Not more than 50% of a REIT's shares can be owned by five or fewer shareholders c. At least 90% of a REIT's income must be distributed to shareholders d. All of the above are REIT requirements 16. is the rate that causes the present value of all cash flows from a property (including its resale value) to be equal to the original purchase price of the property. a. IRR b. NPV c. TWR d. TVM 17. Block mention the calculating of the Cost of Equity. Has this been agreed upon within the industry on how it should be calculated? a. No, it has not been agreed upon yet, per Block b. Yes, the industry is in agreement on this issue c. all of the above d. none of the above 18. Why is the risk of expansion and re-development of existing properties for a REIT significantly less than developing from scratch? a. the existing property has proven itself b. the cost of adding space is less than developing a new property from scratch c. Both of the above d. None of the above