Specific listed property trust (this type of trust invests solely in hotels and is listed on the stock exchange, e.g.
Of the 3.5% (n = 7) respondents that responded "other", responses were as follows: (1) joint venture, combining a developer and a specific listed property trust; (2) hotel is currently under receivership; (3) hybrid mix, strata-title/timeshare/developer; (4) owned by timeshare club with a right to use; (5) local government--local Maori Tribe; (6) sovereign wealth fund.
Sydney Tourism & hotel Representative of a large portfolio manager listed property trust owner.
Comments made by the interviewees suggest that in Australia a distinction is generally made between listed REITs (generally referred to as listed property trusts or 'LPTs'), and unlisted REITs (generally referred to as unlisted property trusts or 'UPTs') (see also Haast et al., 2008; Newell & Peng, 2007; Rowe, 2005).
"The listed property trusts invest in various classes of real estate, and then you have the specific listed property trusts that focus solely on the hotel sector.
Several subjects interviewed in the study felt that it is appropriate to view REITs as comprising three distinct types: listed property trusts, unlisted property trusts and specific listed property trusts.
In more recent years, listed property trusts (LPTs) and high net worth individuals have tended to play the greatest role in funding new development activity.
** Implied by subtracting assets and debt of listed property trusts and syndicates from the overall assets and debt in the commercial property industry.
Other sectors and traditional back-bones of conservative portfolios:
Listed Property Trusts, diversified financials, and insurers have also been "beaten up" as the markets aversion to debt is translated into major sell-downs.