{"id":5527,"date":"2009-11-10T13:45:18","date_gmt":"2009-11-10T17:45:18","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=5527"},"modified":"2009-11-10T13:45:18","modified_gmt":"2009-11-10T17:45:18","slug":"real-estate-portfolio-magazine-qa-with-william-hardin","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2009\/11\/real-estate-portfolio-magazine-qa-with-william-hardin\/","title":{"rendered":"Real Estate Portfolio Magazine Q&A with William Hardin."},"content":{"rendered":"
Q&A with William Hardin, Florida International University<\/strong><\/p>\n William Hardin is professor of finance and real estate and director of real estate programs at Florida International University, and a member of the board of directors of the American Real Estate Society. He has authored or co-authored some 40 papers on varied topics in commercial real estate investment, including REIT governance and financial structure.<\/em><\/p>\n Portfolio: In one of your most recent papers you found that REIT-owned apartment properties generated higher effective rents than otherwise similar properties owned by non-REITs, at least in the Atlanta area. What accounts for the superior operating performance by REITs?<\/p>\n Hardin: There are several potential advantages including local market knowledge gained from ownership of multiple properties, longer-term property and portfolio strategies and the ability to attract and maintain competent management. Most REITs have direct, real-time property knowledge that they generate through their direct participation in the space market. REITs and other larger operators get this information more quickly than most other market participants.<\/p>\n …<\/p>\n<\/a>