Turkish REITs : an overview of the industry and its performance
Name
58974491-MIT.pdf
Description
Full printable version
Size
389.63 KB
Format
Adobe PDF
Checksum (MD5)
e26cf8dc7c5c567e96a32a121c90ec82
Author(s)
Aydinoglu, Can, 1974-
Advisor(s)
David Geltner.
Alternative Title
Turkish real estate investment trusts : an overview of the industry and its performance
Date Issued
2004
Publisher
Massachusetts Institute of Technology
Abstract
This thesis aims to provide insight into the emerging real estate investment trust (REIT) sector of Turkey, the reasons underlying its creation, its legal and economic evolution and its performance since the commencement of the REIT Sector Index in January 2000. The paper utilizes a combination of quantitative methods and qualitative discussion in order to identify and analyze some of the key issues that define the current situation of the Turkish REIT industry. The paper can be viewed as a composition of two main parts. The first part provides a qualitative discussion of the emergence of REIT, how it is legally structured and how it fits into the broader real estate markets as well as the Turkish capital markets, particularly the stock market The second part expands on the quantification of the REIT industry. This section also includes the application of the Modern Portfolio Theory to examine how REIT stocks individually and as an industry fit into optimal risky portfolios at various risk and return preferences both based on their actual inflation adjusted stock returns and on their net asset value returns.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2004.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Includes bibliographical references (leaves 54-55).
Subjects
Architecture.
MIT Department
Massachusetts Institute of Technology. Department of Architecture
Terms of Use
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