"Real estate investment trusts (REITs) are now well established as a property investment vehicle in numerous countries around the world. While REITs invest billions of dollars in property, relatively little research has been undertaken into the decision making processes that drive such...

Following a review of literature, the features of green office buildings that are likely to influence rental value are identified. Using green office buildings in the central business district of Adelaide, South Australia as a case study, the paper seeks to quantify the impact of such green...

Already well established in Australia and the USA, REITs are now growing significantly in Asia and Europe. Previous research focusing on US REITs has investigated the impact of Board composition on REIT performance, with a particular focus on agency issues arising from the level of separation of...

International valuation standards have now become an established part of global valuation practice.Definitions of value (such as “market value� and “special value�) have become part of the lexicon of valuation practice, but with limited apparent consideration of the...

Appraisal-based indices for commercial property have been well established for many years, yet it is only in relatively recent times that serious proposals for transaction-based commercial property indices have been put forward. In contrast, in the residential property market, transaction-based...

Following a review of relevant literature, a theoretical property investment decision making process for REITs is proposed. Through structured interviews with ASX 200 REIT CEOís, the property investment decision making process for REITs is observed. The paper compares the theoretical approach...

Following an extensive literature review (Parker 2011a), the property investment decision making process was hypothesised to be linear, sequential and circular in form comprising 30 steps capable of classification into six stages and three phases. Based on the findings of semi-structured...