|REIT||Primary Driver||Secondary Driver|
|Retail||Retail Sales Growth||Job Creation|
|Office||Job Creation||New Space Supply VS Demand|
|Residential||Population Growth||Job Creation|
|Health Care||Population Growth||New Space Supply VS Demand|
|Industrial||Retail Sales Growth||Population Growth|
|Hotel||Job Creation||New Space Supply VS Demand|
|Storage||Population Growth||Job Creation|
…the number of units sold is greater than the number of units bought or manufactured causing a portion of old inventory to be liquidated (sold).
All countries have access to the same technology and as a result per capita income eventually should grow at the same rate everywhere.
A benchmark index or objective must be clearly indicated to comply with the research objectivity standards.
…we regress one data series on the other and examine the residuals for a unit root using the Dickey-Fuller/Engle-Granger test.
If we reject the null hypothesis, the error terms of the two data series are covariance stationary and cointegrated.
Because the manager is taking no active risk and generating no return beyond the benchmark.
Carve Out: Creation of a new legal entity with shares being sold for cash to the market.
SpintOff: Shares are issued to existing shareholder so there are now two separate companies.
SplitOff: Shareholders have the option to exchange shares for shares in a newly created company.