Buttimer, Richard J.; Hyland, David C.; Sanders, Anthony B. - In: Real Estate Economics 33 (2005) 1, pp. 51-87
The real estate investment trust (REIT) industry has undergone three waves of initial public offerings (IPOs) since 1980. In this article we examine these waves within the context of the general IPO wave literature. We note that the unique nature of REITs may render them more transparent than...