REITs: Dual Asset Markets and “Arbitrage”
Dual asset markets are unique to real estate. When the assets are held by a real estate investment trust (REIT), properties trade in property markets while claims on cash flows from these assets trade in a public equity market. If the two parallel markets are in disagreement regarding the total mark...
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ScholarWorks @ Georgia State University
2016
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| Online Access: | http://scholarworks.gsu.edu/real_estate_diss/16 http://scholarworks.gsu.edu/cgi/viewcontent.cgi?article=1015&context=real_estate_diss |