000			01953cam a2200253 4500
001			ABS63312
008			000000n2000 000 0 eng u
035			_a(Sirsi) u110260
100			_aFoxley, S
245			_aInstitutional investment in the US residential sector - lessons for the UK?
260			_c2000
490			_aHousing Finance _v(48) November 2000, 23-30(8)
520			_aConsiders the experiences of institutional investors in the United States, who direct approximately a quarter of their property portfolios towards the residential sector and whether it offers any lessons for the development of the sector in the UK. The residential sector plays an important portfolio role in the US: the benefits are seen in the potential achievable returns, the sector's risk profile, the ability to match income related liabilities and the portfolio diversification role. The US experience shows tax efficient vehicles, such as Real Estate Investment Trusts (REITs), are essential for market development, but are not a pre-requisite; although a suitable structure offering liquidity, investment grade product and management efficiencies is needed. The UK has seen improvements in the quality and efficiency of residential management but there is opportunity for more innovative solutions. Information and research on the residential investment market will develop as the sector matures; this will be essential to inform investment decisions and establish the sector's credibility in the institutional community. Report based on findings of a research project, funded by Jones Lang LaSalle Educational Trust. Taken from journal abstract. Graphs, tables, references.
590			_aABS
650			_aREITS
650			_aREITS
650			_aUNITED STATES
650			_aPROPERTY FINANCE
650			_aRESIDENTIAL SECTOR
650			_aHOUSING INVESTMENT
650			_aINSTITUTIONAL INVESTMENT
690			_aHOUSING-INVESTMENT
942			_n0
999			_c65750 _d65750