Crain, John L.; Cudd, Mike; Brown, Christopher L. - In: Journal of Real Estate Research 19 (2000) 3, pp. 275-285
Tax legislation included in the Revenue Reconciliation Act of 1993 made large-scale investments in equity real estate investment trusts (REITs) more desirable to institutional investors. Other studies have observed an increased level of institutional ownership in REITs during the timeframe...