Titlebook: Real Estate Investment Trusts and Joint Ventures; Julian Eibel Book 2020 Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2020

繞著哥哥問

Ovulation

REIT Joint Venture Formations as Means for Financial Flexibility to Capture Market Timing Opportunias developed on dispositional JVs (DJVs), mostly arguing for a financing motive. However, we argue operational and financial flexibility, as well as market opportunities to drive JV formations, particularly those of JVs for acquisitions (AJVs), for which only a sparse body of literature exists to date.

性別

gustation

Book 2020tions in the institutional and regulated environment of the REIT Act. After reviewing JV motives for classical corporations, the real estate and REIT industry as well as the financing and capital behavior of REITs, the author finds JVs to result from REIT managers’ need of financing flexibility to a

enumaerate

Introduction,ty in a liquidity constrained and capital-intensive environment opposing several financial restrictions on the market participants in the REIT industry. To introduce the topic and lay out the basic understanding, we therefore present the challenges opposed by the REIT Act to the REIT managers follow

裂隙

一致性

MENT

REIT Joint Venture Formations as Means for Financial Flexibility to Capture Market Timing Opportunithe first quarter 2003 to the end of the third quarter 2014. Many motives for JV formation have been developed and tested in the financial literature (e.g. synergy-seeking, knowledge-seeking, risk-sharing, M&A alternative, and international expansion). With a focus on REITs, a stream of literature h

驚奇

泥瓦匠

Introduction,y. To introduce the topic and lay out the basic understanding, we therefore present the challenges opposed by the REIT Act to the REIT managers followed by the background of financing flexibility concept. We then illustrate why we choose JV as research object as means of REIT financing flexibility.