CHAPTER 11

Investing in Global REITs and Property Companies

Steven D. Burton and Kenneth D. Campbell*

The world of investing in real estate is flattening with each passing day, to paraphrase New York Times columnist Thomas Friedman. Technology has transformed the movement of capital into real estate from a local, hit-or-miss affair, often depending on which cocktail party you attended, into a fast-paced global business you can manage from your desktop.

Investors today live “in a world in which technology provides instantaneous connections among markets and allows just about anyone to do just about anything, anywhere,” says James Glassman, writing in the Wall Street Journal recently to explain why his book Dow 36,000 was wildly off the mark.

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