In 1998, Greg Whyte, then head of REIT research at Morgan Stanley, said the following about listed real estate: “REITs smell like real estate, look like bonds and walk like equity”. We are now twenty-five years later and it pays to dissect this memorable statement, as it has survived the test of time. Not only that, this statement helps to clarify the current situation on the (listed) real estate market. This article is only available in Dutch.
Sustainability in its teenage years
At home, I experience teenagers going through puberty every day, ranging from heated discussions and...
