New REIT Niche: Off-Campus Housing

Abrams, Sandra Lea
March 2005
Investment Dealers' Digest;3/7/2005, Vol. 71 Issue 9, p14
Trade Publication
The article informs that in the past six months, three real estate investment trusts that specialize in investing in on-and off-campus student housing have gone public--benefiting directly from the real estate boom that will not die and the scramble for yield on the part of investors. "One reason the area has market interest is that investors are looking for alternative investments beyond the five major categories in the REIT sector that will bring higher yield," said Brendan Thorpe, a director in the REIT group, a financial firm, at Fitch Ratings, a credit rating firm. "Investors may get comfortable with the niche area because it is similar to multifamily, and you have a captive renter audience," he added.


Related Articles

  • REIT IPOs take pounding in increasingly tough market. Garrity, Brian // Investment Dealers' Digest;05/25/98, Vol. 64 Issue 21, p11 

    Presents information on the problems confronting real estate investment trusts (REITs) and initial public offerings(IPOs) in the United States during 1998. Information on the performance of Equity One Incorporated's IPO; Comments from Joe Missett, head of equity capital markets at CIBC...

  • Why REITs face a merger-driven consolidation wave. Scherer, Phillip S. // Mergers & Acquisitions: The Dealermaker's Journal;Jul/Aug95, Vol. 30 Issue 1, p40 

    Discusses the increase in initial public offerings (IPO) among real estate investment trusts (REIT). Effect of IPOs to the REIT market; Management pressures; Bullet loan burdens; Ranking of REITs. INSETS: The morning after (activities after merger).;The trend-setters in property REIT...

  • Health Care REIT raises $1.1B in public offering.  // Medical Device Daily;2/29/2012, Vol. 16 Issue 40, p3 

    This article reports on the completion of a public offering of Health Care REIT in February 2012.

  • Blundy's Aventus Property to test IPO window.  // Australian Financial Review (0404-2018);7/28/2015, p14 

    The article informs that real estate investment trust of Brett Blundy is preparing for an Initial Public Offering (IPO) to raise 1 billion dollar.

  • Roundup: IPO At Hotel Firm.  // National Mortgage News;5/30/2005, Vol. 29 Issue 36, p21 

    Reports on the initial public offering planned by DiamondRock Hospitality, a company that invests in upscale hotel properties. Expected price range of shares; Plan to get shares listed on the New York Stock Exchange; DiamondRock's choice to acquire real estate investment trust status.

  • HomeBanc Latest To Eye REIT Status. Finkelstein, Brad // National Mortgage News;3/8/2004, Vol. 28 Issue 24, p8 

    Reports that the HomeBanc Mortgage Corp has converted into a real estate investment trust (REIT). Name of the new REIT; Announcement of the public offering of stock; Assessment of the changes within the company.

  • Sponsor Backing in Asian REIT IPOs. Wong, Woei-Chyuan; Ong, Seow-Eng; Ooi, Joseph // Journal of Real Estate Finance & Economics;Feb2013, Vol. 46 Issue 2, p299 

    This paper tests the significance of sponsors in REIT IPOs viz-a-viz quality certification, signal of firm value, and commitment to alleviate moral hazard concerns. We model the REIT pricing and sponsor share retention decisions within a simultaneous decision framework as motivated by Grinblatt...

  • KKR Outs REIT. Koch, David // Retail Traffic;May2005, Vol. 34 Issue 5, p48 

    Reports on the initial public offering for the KKR Financial Corp., the real estate investment trust of Kohlberg, Kravis, Roberts & Co. in Maryland. Price of the corporate stocks; Efficiency of the exit strategy from the mortgage market; Corporate focus on the real estate debt market.

  • Bouncing back from the brink. MAIDENBERG, MICAH // Crain's Chicago Business;5/19/2014, Vol. 37 Issue 20, p0003 

    The article focuses on an increase in the stock of real estate investment trust (REIT) Retail Properties of America Inc. two years after its initial public offering. Topics discussed include the low starting price which led to its stock to jump 85 percent to close at 14.77 dollars on May 16,...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics