Overview
- Need of financing flexibility drives REIT managers into JV structuring
Part of the book series: Essays in Real Estate Research (ERER, volume 19)
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Table of contents (7 chapters)
Keywords
- Real Estate Investment Trusts
- Real Estate Joint Ventures
- Real Estate Management
- Macroeconomics
- Corporate Finance
- Stock price management
- Secondary equity offering
- Alternative financing instruments
- Financial flexibility
- Growth and refinancing strategy
- Joint venture strategy
- Strategic finance
- Finance and strategy interrelation
About this book
Julian Eibel studies the contribution of joint venture (JV) use as means of financing flexibility against the background of diverse financial restrictions in the institutional and regulated environment of the REIT Act. After reviewing JV motives for classical corporations, the real estate and REIT industry as well as the financing and capital behavior of REITs, the author finds JVs to result from REIT managers’ need of financing flexibility to allow timely funding outside regulated markets. Thus, he argues JVs mitigate financing restrictions and stimulate capital markets to regain access to classical financing.
Authors and Affiliations
About the author
Julian Eibel works as Senior Project Manager at a leading HVAC supplier. Academically, he is affiliated with EBS Universität für Wirtschaft und Recht where he also graduated as Bachelor and Master in Management prior to his doctoral studies. Professionally, he worked in investment banking and management consulting.
Bibliographic Information
Book Title: Real Estate Investment Trusts and Joint Ventures
Authors: Julian Eibel
Series Title: Essays in Real Estate Research
DOI: https://doi.org/10.1007/978-3-658-31977-9
Publisher: Springer Gabler Wiesbaden
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2020
Softcover ISBN: 978-3-658-31976-2Published: 11 October 2020
eBook ISBN: 978-3-658-31977-9Published: 10 October 2020
Series ISSN: 2570-2246
Series E-ISSN: 2570-2254
Edition Number: 1
Number of Pages: XVIII, 174
Number of Illustrations: 11 b/w illustrations
Topics: Business Finance, Management, Capital Markets