Re: Lucas: Shame on the redistributionists

From: Les Cargill (lcargill_at_worldnet.att.net)
Date: 06/16/04 

Date: Wed, 16 Jun 2004 23:50:28 GMT

royls@telus.net wrote:

> On Wed, 16 Jun 2004 14:26:41 -0000, Ron Peterson <ron@shell.core.com>
> wrote:
>
>
>>royls@telus.net wrote:
>>
>>
>>>REITs invest in real estate, not land (i.e., they invest in
>>>improvements that depreciate as well as land that appreciates -- some
>>>even invest in mortgages), and have all the weaknesses of stock mutual
>>>funds: largely wasted management costs, slavish pursuit of short-term
>>>performance, worship of fads and trends, etc. Their performance will
>>>never match that of a diverse portfolio of rentable land properties.
>>
>>Are you saying that there is no REIT or REOC that invests in rentable
>>land properties?
>
>
> I have no idea if there is or not. The ones I've seen don't seem to
> focus on land.
>
>
>>If there were, we could check your hypothesis.
>
>
> It would be interesting. Anyone know if there is a highly
> land-focused REIT?
>
> -- Roy L

There are partnerships in the DFW area that specialize in
holding unimproved ( or rather agro ) land until suburban
development makes sense on 'em. Dunno if they're REITs -
they'e usually more like LLCs, because that keeps the
mickey mouse to a minimum. 

-- 
--
Les Cargill

Relevant Pages

  • Re: Lucas: Shame on the redistributionists
    ... >> REITs invest in real estate, not land (i.e., they invest in ... >> never match that of a diverse portfolio of rentable land properties. ... land-focused REIT? ...
    (sci.econ)
  • real estate law reit
    ... community can force the REIT to lease the land for specific purposes, ...
    (misc.legal)
Quantcast