Archive for August, 2006

31 Aug

What is a good source of information for Real Estate Investment Trusts (REITs)?

NetGain offers a comprehensive list of publicly traded Real Estate Investment Trusts (REITs). This list includes access to quality information about each REIT. The National Association of Investment Trusts (NAREIT) offers conferences, information about legislation affecting the industry, publications, and performance by property sector.

31 Aug

What should be the chief concern when purchasing a strip shopping center?

Being on the right side of the street. How many times have you made a U-turn when going to a well run destination-to store? The reality is that you just pull in. A strip center is a destination-to, convenience shopping center offering forgotten needed merchandise. Destination-to means going there for specific merchandise, buying, and leaving. […]

31 Aug

What should I look for when reviewing income property leases?

There are two important issues to be concerned about: (1) The expiration dates of each lease and (2) lease rates at a premium to the market rate.
1) Lease expirations are the sources for estimating future revenue costs. Whether a lessee renews or a new lessee moves in, tenant improvements (TIs) are an almost certainty. TIs […]

29 Aug

Mortgage (Deed of Trust) Selection and Pitfalls

The buying and selling of income property involves entering into a series of contracts and agreements. Every contract and agreement is important, but the three most important ones are the Purchase and Sales Agreement, the Lease(s), and the Mortgage (for the purpose of this commentary, the Mortgage and a Deed of Trust will be treated […]