Chapter
The Rise of the Real Estate Investment Trust
1:08:59 - 1:18:10 (09:11)
The Real Estate Investment Trust was created in 1958 to allow smaller investors to own slices of larger real estate projects. However, the industry remained relatively small until prospects dwindled, and it became necessary to access public markets with public-ready REITs, which were driven by commissions more than cash flow.
Clips
Samuel Zell discusses the creation of the real estate investment trust (REIT) and how it allowed small investors to own pieces of large real estate projects without being subject to double taxation like corporations.
1:08:59 - 1:12:40 (03:41)
Summary
Samuel Zell discusses the creation of the real estate investment trust (REIT) and how it allowed small investors to own pieces of large real estate projects without being subject to double taxation like corporations.
ChapterThe Rise of the Real Estate Investment Trust
Episode#407: Sam Zell — Strategies for High-Stakes Investing, Dealmaking, and Grave Dancing
PodcastThe Tim Ferriss Show
Public REITs were created in the late 80s/early 90s to access the public market for real estate investments due to a lack of funding for private real estate industries.
1:12:40 - 1:18:10 (05:29)
Summary
Public REITs were created in the late 80s/early 90s to access the public market for real estate investments due to a lack of funding for private real estate industries. The industry was driven by commissions rather than the basics of real estate or cash flow.