Learn about Property Securities with iMinds Money's insightful fast
knowledge series. Property securities are interests in property
trusts that are listed on the stock exchange. These listed property
trusts are known globally as Real Estate Investment Funds, or
REITs. They hold portfolios of property assets that consist of
large properties that, due to their size and value, could not be
bought by average private investors. REITs break these large
investments up into smaller units that can be purchased by
individuals, investment institutions and managed funds. The trust
manages the properties and investment direction and distributes
rental income to the investors. Unit holders trade on the stock
market where the value of the unit is determined by demand and
supply. The economies-of-scale realised by large trusts, the
expertise required for successful non-residential investment and
the significant funding required to diversify in this type of
property result in REITs maintaining a strong dominance in the
commercial property market.Created in 1960 by the U.S. Congress,
REITs were originally designed to provide access for all income
levels to diversified, professionally managed real estate
previously reserved for large real estate organisations. While
initially showing slow growth, the industry grew dramatically from
the early 1990. This was sparked by demand for liquidity from
institutional investors recovering from the 1990 property bubble,
who traditionally held direct property investments. Since then,
REITS have become a mature, sophisticated, highly successful
indirect property investment vehicle. Total assets of the REIT
industry worldwide increased from $16 billion to $568 billion from
1992 to 2008. This growth came particularly from the US, Australia,
France and the UK who account for 41%, 12%, 11% and 6.5% of current
world REIT assets respectively. iMinds will hone your financial
knowledge with its insightful series looking at topics related to
Money, Investment and Finance.. whether an amateur or specialist in
the field, iMinds targeted fast knowledge series will whet your
mental appetite and broaden your mind.iMinds unique fast-learning
modules as seen in the Financial Times, Wired, Vogue, Robb Report,
Sky News, LA Times, Mashable and many others.. the future of
general knowledge acquisition.
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