Contents
24
Features
18 Real Estate Offered Up
With four deals complete and a growing list of potential offerings,
2010 is shaping up as a busy IPO year for REITs
24 Deriving Too Slowly
Commercial real estate derivatives market still a work in progress
30 Succession in the Making
A new wave of REIT CEOs steps to the industry forefront
36 Gauging the Global Recovery
Things are looking up for REITs worldwide
46 A Good Deal
Tanger Factory Outlet Centers discounts its way to profitability
36
14
52
Columns and Departments
4 Taking Stock
Melting the Illiquidity Myth
6 Editor’s Desk
Driving Home Success
8 In the K[now]
The latest news and insights in the REIT and real estate industry
12 Four Quick Questions
With Todd Lukasik of Morningstar
14 One-on-One
With Public Storage’s Ron Havner
52 On the Ground
Chicago stands tall in turbulent times
56 Sector Spotlight
Lodging REITs on the rebound
60 From the Research Desk
Highlights of some of the leading research being done
regarding REITs and real estate investment
62 REIT Snapshot
Fair Value, alstria lead fledgling German REIT market
68 Capital Markets
Q&A with Robert Shiller of Yale University
74 Fund Focus
Morgan Stanley Institutional Fund Global Real Estate Portfolio
78 Names to Note
People making news and moves in the REIT and publicly
traded real estate industry
80 In Closing
The debt leverage conundrum
On the cover: Photograph by John Madere
