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LE 455: REAL ESTATE FINANCE II ASSIGNMENT 1 QUESTION 1. What is a REIT? 2. What is the difference between a REIT and a property

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LE 455: REAL ESTATE FINANCE II ASSIGNMENT 1 QUESTION 1. What is a REIT? 2. What is the difference between a REIT and a property company? 3. What factors account for REITs trading at a discount or premium to their net asset values (NAV)? INSTRUCTION: Word limit: maximum 1500

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