Estate Planning: Revocable Living Trusts

CROSS LISTING OF REAL ESTATE INVESTMENT TRUSTS (REITs)

Ten common estate planning mistakes to avoid.

While most Americans are aware of the importance of estate planning, many fail to make the proper arrangements for their heirs. Problems can arise from a number of mistake, such as underestimating assets, relying solely on a will, or not planning for estate tax payments.

A Therapeutic Jurisprudential Framework of Estate Planning

Drawing upon the burgeoning field of therapeutic jurisprudence, this Article analyzes the psychological consequences of estate planning. This analysis reveals that the preparation and implementation of an estate plan through the execution of a will and other estate-planning documents has both therapeutic and antitherapeutic characteristics. This analysis also suggests that the positive and nega...

The Financial Rewards of Sustainability: A Global Performance Study of Real Estate Investment Trusts

This study shows for the first time, that investing comprehensively in sustainability as measured by the GRESB rating) pays off for REITs by enhancing operational performance and lowering risk exposure and volatility. Analyzing a sample of REITs from North America, Asia and Europe for the 2011-14 time period, it also appears that there is a great deal of untapped potential, particularly in the ...

Preliminary and Incomplete Deviations between Stock Price and Fundamental Value for Real Estate Investment Trusts

We document that real estate investment trust (REIT) stock prices deviate from net asset values (NAV), as measured by Green Street Advisors, a buy-side research firm. Using REIT data since 1990, we find large positive excess returns to a strategy of buying stocks that trade at a discount to NAV, and shorting stocks trading at a premium to NAV. Estimated alphas are between 1.2% and 1.8% per mont...