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Investing in REITS
Book

Investing in REITS

Real Estate Investment Trusts

Ralph L. Block
Bloomberg Press, 2006
First Edition: 1998

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Editorial Rating

8

Qualities

  • Applicable

Recommendation

More and more financial advisers suggest investing in REITs. But are they another real-estate investment fad, like the "real estate limited partnerships" of the 1980s? Not at all, says Ralph L. Block, an experienced REIT portfolio manager and former securities attorney. In this clear, sensible book, Block provides an engaging overview of REITs and the underlying real-estate market in which they invest. Block's self-deprecating, casual style is refreshing, and the book assumes little background knowledge of finance, economics or real estate (though it does bog down occasionally in accounting minutiae). In addition to learning about REITs, you'll also get a painless refresher on investment basics at no extra cost. getAbstract recommends this book to prudent, buy-and-hold investors who want to know if REITs are right for them.

Take-Aways

  • Equity REITs are firms that own, lease, renovate, manage and develop real estate.
  • REITs' average annual returns are about the same as the S&P 500 Index.
  • Compared to stocks, REITs are low-risk; and they are not volatile.

About the Author

Ralph L. Block is a senior portfolio manager who has worked with REIT funds for several financial corporations. He was a business lawyer for 25 years.

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