What is it about?
The Pacific Rim-based I&L REIT market has proliferated in recent years. The study is the first I&L REIT paper offering insights into an added-value and strategic asset for I&L REITs in general and Pacific Rim-based I&L REIT in particular. This paper highlights I&L REITs as an effective I&L property investment opportunity in the Pacific Rim region, with the added benefits of liquidity, transparency and fiscal efficiency.
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Why is it important?
The research aims to examine the investment performance of I&L REITs by assessing the significance, risk-adjusted performance and portfolio diversification benefits of I&L REITs in the Pacific Rim region. The results highlight that the inclusion of Pacific Rim-based I&L REITs in mixed-asset portfolios across the US, Japan, Australia and Singapore enhanced portfolio returns, with desirable portfolio diversification benefits. Pacific Rim-based I&L REITs were validated as an effective investment pathway for I&L property exposure in the Pacific Rim region
Perspectives
Whilst I&L property investment via a non-listed vehicle is the mainstream route for large-scale global institutional investors, Pacific Rim–based I&L REITs are empirically validated as having an added-value and strategic role in the mixed-asset portfolios. This validates Pacific Rim–based I&L REITs as an effective vehicle for I&L property investment exposure in the Pacific Rim region, with the added benefits of liquidity, transparency and fiscal efficiency
Yu-Cheng Lin
University of New South Wales
Read the Original
This page is a summary of: The added-value role of industrial and logistics REITs in the Pacific Rim region, Journal of Property Investment & Finance, June 2020, Emerald,
DOI: 10.1108/jpif-09-2019-0129.
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