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Question 1 (10 marks) In Australia, Equity Real Estate Investment Trusts (REITs) trade on the Australian Securities Exchange. a) Discuss in detail three benefits of

Question 1 (10 marks) In Australia, Equity Real Estate Investment Trusts (REITs) trade on the Australian Securities Exchange. a) Discuss in detail three benefits of investing in real estate via REITs compared to investing directly in real estate by purchasing a property. (6 marks) b) Discuss in detail two limitations of gaining property exposure via REITs relative to direct exposure via a purchase of a single investment property. (4 marks)

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