UID:
almahu_9949865525702882
Umfang:
1 online resource
ISBN:
9781315315195
,
131531519X
,
9781315315201
,
1315315203
,
9781315315188
,
1315315181
Serie:
International real estate markets
Inhalt:
This in depth case study evaluates the recent evolution of the Italian real estate market, which has recently been subject to two interlocking phenomena: a serious devaluation of physical assets and, at the same time, a deep legislative innovation of the vehicles investing in this asset class. The novelty of the legal framework of some of the Italian real estate investment vehicles and the recent developments in the market make this detailed analysis a fascinating addition to the literature. The book starts with an analysis of the Italian real estate sector, covering the evolution and performance in light of the economic crisis and the most recent legislative innovations. Italian real estate investment vehicles are then compared with a broader European perspective. Each Italian investment vehicle (real estate investment funds, real estate fixed capital investment companies and real estate investment trusts) is then analysed in both legal and financial details, providing insights into management structure, the rights and powers of investors, the typical investment process and the related costs. The different management models are then compared in order to assess their advantages and disadvantages, especially for institutional investors. The performance measurement of Italian closed-end alternative investment funds and the phenomenon of discount to NAV for listed real estate investment funds are then subject to a theoretical and empirical examination.--
Anmerkung:
1. Real estate market in Italy -- 2. Italian financial real estate from a European perspective -- 3. Real estate investment funds -- 4. Real estate fixed capital investment companies (SICAFs) -- 5. Real estate investment trusts (SIIQs) -- 6. Italian AIFs and SIIQs : comparative analysis -- 7. Performance of Italian closed-end AIFs.
Weitere Ausg.:
Print version: Abate, Guido. Real estate in Italy. Abingdon, Oxon ; New York, NY : Routledge, 2017 ISBN 9781138231511
Sprache:
Englisch
URL:
https://www.taylorfrancis.com/books/9781315315201
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