More and more financial advisers suggest investing in REITs. But are they another real-estate investment fad, like the "real estate limited partnerships" of the 1980s? Not at all, says Ralph L. Block, an experienced REIT portfolio manager and former securities attorney. In this clear, sensible book, Block provides an engaging overview of REITs and the underlying real-estate market in which they invest. Block's self-deprecating, casual style is refreshing, and the book assumes little background knowledge of finance, economics or real estate (though it does bog down occasionally in accounting minutiae). In addition to learning about REITs, you'll also get a painless refresher on investment basics at no extra cost. getAbstract recommends this book to prudent, buy-and-hold investors who want to know if REITs are right for them.
In this summary, you will learn
- What a real-estate investment trust (or REIT) is;
- How REITs make money;
- How to invest in quality REITs; and
- What risks REITs pose.
About the Author
Ralph L. Block is a senior portfolio manager who has worked with REIT funds for several financial corporations. He was a business lawyer for 25 years.