The significance of fractional interests in listed property trust portfolios

Pacific Rim Property Research Journal

Volumn 11, Issue 3, 2005, Pages 282-298

  Newell, Graeme ^a   Keng, Tanyen ^a  

^a UNIVERSITY OF WESTERN SYDNEY   (Australia)

Author keywords

Co ownership; Fractional interests; LPTs; Ownership structure; Property type; Risk management

Indexed keywords

EID: 34247169081     PISSN: 14445921     EISSN: None     Source Type: Journal    
DOI: 10.1080/14445921.2005.11104188     Document Type: Article

References (21)

1. Donaldson, B. (1994), At what price liquidity? Real Estate Finance (Fall): 33-39.
2. Fife, A. (2003), Valuation of fractional interests. Australian Property Journal 37(5): 360-362.
3. Fife, A. and Newell, G. (1995), The valuation of fractional interests. The Valuer and Land Economist 33(6): 467-469.
4. Garing, S., Hoog Antink, V., Kivell, D. and Rampa, K. (2004), Market frontiers: capital markets. Proceedings of 2004 PCA Congress. PCA, Sydney.
5. Hanford, L. (1989), The market value of partial interests in real property. The Appraisal Journal (Oct): 460-465.
6. Hess, R. and Liang, Y. (2004), REIT joint venture use is on the rise. Journal of Real Estate Portfolio Management 10(1): 77-84.
7. Humphrey, W. and Humphrey, B. (1997), Unsyndicated partial interest discounting. The Appraisal Journal (July): 267-274.
8. Ludgin, M. and Ingall, L. (2004), Nothing ventured, nothing gained: the risk of real estate joint ventures. NCREIF Quarterly Report (Q1): 2-3.
9. Murdoch, J. (2004), The globalisation of Australian LPTs. Australian Property Journal 38(1): 5-12.
10. Newell, G. and Acheampong, P. (2001), The dynamics of the Australian LPT market risk and correlation profile. Pacific Rim Property Research Journal 7(4): 259-270.
11. Newell, G. and Tan, Y.K. (2003), The significance of property sector and geographic diversification in Australian institutional property portfolios. Pacific Rim Property Research Journal 9(3): 248-264.
12. Newell, G. and Worzala, E. (1995), The role of international property in investment portfolios. Journal of Property Finance 6(1): 55-63.
13. Property Council of Australia. (2004), Investment Performance Index: June 2004. PCA, Sydney.
14. Property Investment Research. (2004a), Annual Property Trust Review 2004 (and miscellaneous previous copies). PIR, Melbourne.
15. Property Investment Research. (2004b), Australian Property Funds Industry Survey 2004. PIR, Melbourne.
16. Thompson, M. and Dagbjartsson, E. (1994), Market discounting of partial ownership interests. The Appraisal Journal (Oct): 535-541.
17. UBS. (2005), UBS Indices: January 2005 (and miscellaneous previous copies). UBS, Sydney.
18. Wiggins, D. and Rosenberg, S. (2001), Revisiting valuation of real estate partial interests: recent case studies. The Appraisal Journal (Oct): 404-409.
19. Wilson, P. and Okunev, J. (1996), Evidence of segmentation in domestic and international property markets. Journal of Property Finance 7(1): 78-97.
20. Wilson, P. and Okunev, J. (1999), Long-term dependencies and long-run non-periodic cocycles: real estate and stockmarkets. Journal of Real Estate Research 18(2): 257-278.
21. Wilson, P., Okunev, J. and Webb, J. (1998), Step interventions and market integration: tests in the US, UK and Australian property markets. Journal of Real Estate Finance and Economics 16(2): 91-123.