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Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification
Dissertation (MSc (Real Estate))--University of Pretoria, 2017.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2018
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| _version_ | 1869483995923742720 |
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| access_status_str | Open Access |
| author2 | Boshoff, Douw G.B. |
| author_browse | Boshoff, Douw G.B. |
| author_facet | Boshoff, Douw G.B. |
| collection | Thesis |
| dc_rights_str_mv | © 2018 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MSc (Real Estate))--University of Pretoria, 2017. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/67753 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-07-01T04:07:51.844Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/67753 Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification Boshoff, Douw G.B. u12013464@tuks.co.za Kruger, Marko Unrestricted UCTD Real Estate Investment Trusts (REITs) Property Loan Stocks Property Unit Trusts Listed Property Market International Diversification Portfolio Diversification Real Estate Finance Property Investment Structures Capital Market Integration Investment Strategy Engineering, built environment and information technology theses SDG-08 Engineering, built environment and information technology theses SDG-09 Engineering, built environment and information technology theses SDG-10 Engineering, built environment and information technology theses SDG-11 Engineering, built environment and information technology theses SDG-17 Dissertation (MSc (Real Estate))--University of Pretoria, 2017. South Africa has made a recent transformation from Property Loan Stock companies and Property Unit Trusts to the internationally recognised Real Estate Investment Trust structures. The locally listed companies that decided to adopt this structure should experience increased global interaction. This study focused primarily on the international direct or indirect real estate investments made from a South African Real Estate Investment Trust perspective. When conducting this investment, the respective companies must obtain financing for the investments, which will have an impact on capital and shareholder structure. The capital structure acts as an umbrella term that includes the shareholder’s equity and debt of a company. The study mainly focused on long-term debt. The shareholder structure focuses on the equity of South African Real Estate Investment Trusts in depth and determines if international activity had taken place. Global investments usually have a structure through which money is transferred to foreign countries to execute an investment. This is predominantly referred to as the company structure. The top 13 Real Estate Investment Trusts, by market capitalisation, were examined to first determine whether international investment took place and secondly whether their company structure experienced change after foreign property investments had been made. Emphasis was placed on the risks involved during the international investment process, the reason for company structure changes, as well as the benefits associated with these decisions. The various direct and indirect impacts that the previous themes have on the bottom line of a specific South African Real Estate Investment Trust were also explored, should these investors choose to capitalise on a global scale. ae2026 Construction Economics MSc (Real Estate) Unrestricted SDG-08: Decent work and economic growth SDG-09: Industry, innovation and infrastructure SDG-10: Reduced inequalities SDG-11: Sustainable cities and communities SDG-17: Partnerships for the goals 2018-12-05T08:04:50Z 2018-12-05T08:04:50Z 2009/08/18 2017 Dissertation Kruger, M 2017, Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification, MSc (Real Estate) Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/67753> S2018 http://hdl.handle.net/2263/67753 en © 2018 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Unrestricted UCTD Real Estate Investment Trusts (REITs) Property Loan Stocks Property Unit Trusts Listed Property Market International Diversification Portfolio Diversification Real Estate Finance Property Investment Structures Capital Market Integration Investment Strategy Engineering, built environment and information technology theses SDG-08 Engineering, built environment and information technology theses SDG-09 Engineering, built environment and information technology theses SDG-10 Engineering, built environment and information technology theses SDG-11 Engineering, built environment and information technology theses SDG-17 Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification |
| title | Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification |
| title_full | Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification |
| title_fullStr | Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification |
| title_full_unstemmed | Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification |
| title_short | Transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification |
| title_sort | transformation from property loan stocks to real estate investment trusts and the resulting influence on international diversification |
| topic | Unrestricted UCTD Real Estate Investment Trusts (REITs) Property Loan Stocks Property Unit Trusts Listed Property Market International Diversification Portfolio Diversification Real Estate Finance Property Investment Structures Capital Market Integration Investment Strategy Engineering, built environment and information technology theses SDG-08 Engineering, built environment and information technology theses SDG-09 Engineering, built environment and information technology theses SDG-10 Engineering, built environment and information technology theses SDG-11 Engineering, built environment and information technology theses SDG-17 |
| url | http://hdl.handle.net/2263/67753 |