Social Icons Superfish

REITS help support nearly 1,000,000 jobs in the U.S. each year.

Going Viral

09/16/2013 | By Allen Kenney

Published September/October 2013

Once upon a time, “going viral” meant a couple days in bed and more chicken soup than you could stand. Today, it’s an endgame—the hope that an idea, product or video of your cat playing the piano strikes a chord that can be shared worldwide through the proliferation of connectivity now at our fingertips.

The REIT approach to real estate investment isn’t spreading as fast as that YouTube clip of the baby playing basketball, but there’s no doubt that REITs are gaining traction across the globe. U.S. REITs are taking their capital and management expertise abroad to unlock value and facilitate economic growth in rapidly maturing markets.

Meanwhile, governments around the world are embracing the REIT approach to commercial real estate investment in their own countries. Twenty-nine countries around the world have REIT-like regimes in place, including Ireland and South Africa, which adopted REIT laws this year.

 

 

Column/Department: 

Other Features

Know How
With Martin “Hap” Stein, Jr. Chairman and CEO, Regency Centers Corporation (NYSE: REG) Why is now a good time for your company to be focusing on...
Everybody Wins
Twenty years ago at NAREIT’s annual convention in New Orleans, Sam Zell, chairman of Equity Group Investments, gave a landmark speech on the future...
A Cycle of Recycling
Once the exclusive domain of the Boy Scouts, the concept of recycling has become a given in everyday life. Woe unto the careless consumers who ditch...
Enduring Adaptability
Contradictory idioms and tropes tend to get tossed around in the vernacular of business like a 4-year-old trying to decide what to have for lunch. (“...
The Boardroom According to Costanza
There’s an episode of the classic 1990s sitcom “Seinfeld” in which the irascible George Costanza finds himself wanting out of his front-office job...
Bouncing Back
What a difference a year makes—or, in this case, five years. Back in 2008, chaos started to reign around the world, and it felt like the onset of the...
Economics: The New Black
It’s the economy, stupid.” Twenty years have passed since Arkansas Governor Bill Clinton turned that mantra into the foundation of a staggeringly...
Back to Reality
A new year typically symbolizes a fresh start. The truth, though, is that there is no magic reset button to begin things anew. Simply because the...
No Place Like Home
The American Dream is dying—at least the one we all remember. In the wake of the turmoil in the U.S. housing market over the last five years, owning...
Real Assets
Remember back when we paid for everything using paper bills and tiny hunks of metal? These days, pulling cash out of your wallet to pay for your...

Pages