1.

Record Nr.

UNINA9910427049203321

Autore

Eibel Julian

Titolo

Real estate investment trusts and joint ventures / / Julian Eibel

Pubbl/distr/stampa

Wiesbaden, Germany : , : Springer Gabler, , [2020]

©2020

ISBN

3-658-31977-1

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource (XVIII, 174 p. 11 illus.)

Collana

Essays in Real Estate Research ; ; Volume 19

Disciplina

658.044

Soggetti

Joint ventures

Real estate investment trusts

Business enterprises - Finance

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Joint Ventures Motives in Classical Corporations and REITs: Same or different? -- Why the REIT Act, REIT Capital Structure, and Diversification Needs call for Joint Venture Use -- REIT Joint Venture formations as means for financial flexibility to capture market timing opportunities -- The Role of REIT Joint Ventures to Market Timing and Capital Structure Considerations.

Sommario/riassunto

Julian Eibel studies the contribution of joint venture (JV) use as means of financing flexibility against the background of diverse financial restrictions 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 allow timely funding outside regulated markets. Thus, he argues JVs mitigate financing restrictions and stimulate capital markets to regain access to classical financing. Contents Joint Ventures Motives in Classical Corporations and REITs: Same or different? Why the REIT Act, REIT Capital Structure, and Diversification Needs call for Joint Venture Use REIT Joint Venture formations as means for financial flexibility to capture market timing opportunities The Role of REIT Joint Ventures to Market Timing and Capital Structure Considerations Target Groups Scientists and students in the fields of management, corporate



finance, banking, and real estate Practitioners in corporate finance, capital markets, investment banking, and real estate financing About the Author Julian Eibel works as Senior Project Manager at a leading HVAC supplier. Academically, he is affiliated with EBS Universität für Wirtschaft und Recht where he also graduated as Bachelor and Master in Management prior to his doctoral studies. Professionally, he worked in investment banking and management consulting.