Investing in REITs
Investing in REITs draws on the author’s extensive successful investing experience with Real Estate Investment Trusts to explain this unique asset class in an uncomplicated style for investors, financial planners and advisers.
Drawing on more than 30 years of successful investing experience with REITs, Ralph Block has created the ultimate REIT guide.
Block explains the ins and outs of this unique asset class in an uncomplicated style that novice and professional investors, as well as financial planners and investment advisers, can refer to again and again. The book covers:
the ABCs of successful REIT investment;
how to spot blue-chip REITs;
a concise history of REITs and how they compare to other investments;
how to build a diversified REIT portfolio;
Important new developments and strategies in the REIT industry.
REVIEWS :“A wonderful book that sheds light on an asset class that is
becoming increasingly important as a building block for the
well-diversified portfolio.”
Roger C. Gibson, CFA, author of Asset Allocation: Balancing Financial
Risk
“The most complete and easy-to-read book about real estate
investment trusts yet.”
The Los Angeles Times
“Ralph Block has made the world of REITs accessible to all. This
is a superb book for every investor.”
Tom Gardner, co-founder of The Motley Fool
“Finally, a book that demystifies REITs for both armchair
investors and seasoned professionals.”
Jonathan Litt, Senior Real Estate Analyst, Salomon Smith Barney
Hardback, 416 Pages, Dimensions 234 x 156 MM Language English.
PART I: Meet the REIT
Chapter 1: REITs: What They Are and How They Work
An essential framework for investors
Chapter 2: REITs versus Competitive Investments
How they stack up against common stock, bonds, and utilities
Chapter 3: Today’s REITs
A revolution in real estate investing
Chapter 4: Property Sectors and Their Cycles
From apartments to malls, office buildings to prisons
PART II: History and Mythology
Chapter 5: REITs: Mysteries and Myths
Setting the record straight
Chapter 6: A History of REITs and REIT Performance
From the trials of the 1960s to the rebirth of the 1990s and beyond
PART III: Choosing REITs and Watching Them Grow
Chapter 7: REITs: How They Grow
Growing cash flows and dividends
Chapter 8: Spotting the Blue Chips
Types of REITs and investment styles
Chapter 9: The Quest for Investment Value
Methods to value REIT stocks
Chapter 10: Building a REIT Portfolio
Choosing the right mix of REIT investments
PART IV: Risks and Future Prospects
Chapter 11: What Can Go Wrong
It pays to know the pitfalls.
Chapter 12: Tea Leaves: Where Will REITs Go from Here?
New opportunities for today’s investors
RESOURCES
Continuing-Education Exam
for CFP Continuing Education Credit and PACE Recertification Credit
Ralph L. Block, JD, has been an active participant in the REIT industry for three decades, as an individual investor, investment adviser, professional money manager, author, publisher, and consultant. For his pioneering work, Block received the 2004 Industry Achievement Award from NAREIT, the National Association of Real Estate Investment Trusts.
He was chief REIT portfolio manager for Bay Isle Financial LLC from 1993 to 2003, portfolio manager for Undiscovered Managers REIT Fund from 1998 through 2003, and is currently a principal and senior portfolio manager for Phocas Financial Corporation, an Alameda, California-based investment advisory firm. He is also the owner and proprietor of Essential REIT Publishing Co., which publishes The Essential REIT newsletter. Before becoming a professional REIT investor, Block was a business lawyer for more than twenty-five years.