The public real estate equity investments, on which this paper concentrates, include investments in shares in publicly listed real estate investment trusts (REITs) and real estate operating companies (
REOCs).
John Anthis, Jr., CPM, (janthis@reocpartners.com) is property manager,
REOC Partners, San Antonio.
Estamos convencidos de que la reoc promovera procesos y articulara esfuerzos en beneficio de las preocupaciones academicas enfocadas en las organizaciones en nuestro contexto.
As a result of an interaction process that took over six months, last December 2nd- 2016, the Colombian Network for Organizational Studies (REOC in Spanish) was formally created.
We are convinced the reoc will promote processes and articulate efforts to benefit the academic concerns focused on organizations in our context.
The purpose of this paper is to study the European REOC and REIT liquidity and performance, focusing on the potential differences in REOC and REIT characteristics.
REIT, REOC and European benchmark stock index development is graphed (Figure 1).
After observing the lead-lag relationship between REIT and REOC returns, the cross-correlation between REOCs and other benchmark equities was also tested.
Figures 3 and 4 demonstrate the relationship between REOC and REIT stock market development and the changes in real estate stock liquidity as measured by euro trading volume.
To further study the liquidity characteristics of real estate stocks, the effects of general market volatility on changes in REIT and REOC stock liquidity were analyzed (Figure 7).
He specializes in pension fund,
REOC and institutional asset valuations and portfolio analysis.
REAL estate investment trusts (REITs) and
REOCs is stable, according to the latest annual report on the industry by Moody's Investors Service, New York.
