Rating: 
Summary: Good introduction, but...
Review: While the book serves well as an introduction to the sector, it devotes a mere single chapter, the last, to what could go wrong. What a missed opportunity. The author could have brought the caveats of REIT investing to life by using more real world examples, even some drawn from real world SEC statements. The author spends an inordinate time selling the idea of investing in the sector. My guess is people who reach for this book are already interested or even invested in REITs, and are looking for help in navigating the potential minefields. The book needs a second edition, to bring it more current. Per KPA's 10k, President Clinton signed a new law Dec 99 that allows a REIT to own up to 100% of stock in a taxable subsidary. How does this impact paired share reits? What will be the long term impact of this legislative change on the REIT landscape? A good effort, yet one that can be improved upon.
Rating:
Summary: It's like a gold mine!
Review: You have to do a lot of digging to find what is of true value. A lot of the information in the book was good, but the organization was horrible. The editor should be scolded. Book contradicted itself at times. Early in the book it went on to say you should have a portion of your portfolio and gave several reasons. One of which was inflation protection. Later in a section on dispelling myths it described in great detail how inflation could be bad for REITs. I found that very confusing. I had to read the book or portions there of several times to ge understand all of the finer points and I have invested in REITs for 7 years. The book has helped me better understand REITs, but the information could have been better organized and presented. The information in this one is as good as the other Bloomberg Books I have bought. Fortunately, the other Bloomberg Books were better organized.
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