IDEAS home Printed from https://ideas.repec.org/p/afr/wpaper/afres2024-025.html
   My bibliography  Save this paper

Legal Foundations of REITs: Lessons for Developing REIT Markets

Author

Listed:
  • Fiona Toliva
  • Rachael Daisy Mirembe
  • Tony Hernandez
  • Dogan Tirtiroglu

Abstract

The legal systems of different countries influence the regulations and characteristics of Real Estate Investment Trusts (REITs). This paper examines, mainly qualitatively, the details of the legal framework that defines the REIT form in developed and developing countries and seeks to identify the ideas and practices that can offer the most benefit to countries like Uganda and other African countries. Using purposive along with qualitative approaches of interviews and focus groups as well as studying legal documents, we find that the differences in REIT laws and regulations in different countries can be explained by the socioeconomic and cultural differences between them, which in turn affects REIT performance in terms of market entry and returns. Thus, formulating tailored legal points could enhance economic efficiency and the growth of REITs.

Suggested Citation

  • Fiona Toliva & Rachael Daisy Mirembe & Tony Hernandez & Dogan Tirtiroglu, 2024. "Legal Foundations of REITs: Lessons for Developing REIT Markets," AfRES afres2024-025, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:afres2024-025
    as

    Download full text from publisher

    File URL: https://afres.architexturez.net/doc/oai-afres-id-afres2024-025
    Download Restriction: no
    File URL: https://architexturez.net/system/files/afres2024-25.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    culture; legal systems; performance; regulation; REITs;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:afr:wpaper:afres2024-025. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/afresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.