WebAbstract. This paper examines how the investment activities of REITs are affected by the age of their CEOs. Tracking the property acquisition activities of 150 REIT CEOs … WebBefore this date, the administration of REITs was different. For instance, before 1987, every equity REITs was hiring external managers to conduct the properties of the firm. As of the early 90’s, the equity REITs are almost all independent and self-managed entities which will have its importance in the analyzed results.
Good Growth, Bad Growth: How Effective are REITs
WebSep 1, 2024 · Section snippets Model specifications. We use the following model to investigate the relationship between chairman’s age and corporate diversification: SEGMENTS i, t = α + β LNAGE i, t + CONTROL + ɛ i, t where SEGMENTS i, t is the number of segments of firm i in year t; LNAGE i, t is the natural logarithm of chairman’s age for … WebApr 1, 2013 · This negative effect of CEO age on acquisitions is strongest among firms where CEOs likely anticipate or can influence high post-acquisition compensation, and … cherie howell
The acquisitiveness of youth: CEO age and acquisition behavior
WebDec 9, 2024 · CEO John Thomas said acquiring the Milwaukee portfolio was the single largest transaction in company history. ... Thomas discussed Physicians Realty Trust’s recent $750 million acquisition of the Landmark Healthcare Facilities portfolio in Milwaukee, the single largest transaction in company history. ... REITs historically have delivered ... WebNov 1, 2024 · Total debt raised in 2024 was $63 billion, with $73 billion in 2024. To this point in 2024, REITs had raised over $93 billion. $69 billion, or 74% of the capital raised, came in the form of secondary debt. The equity raises comprised $15 billion from secondary common equity, $3 billion from secondary preferred equity, and $1 billion in IPOs and ... WebThe age effect cannot be explained by the selection of young CEOs by acquisition-prone firms, nor by a story of declining overconfidence with age. This paper underscores the … flights from greensboro to kentucky